Generation-Skipping Transfer Tax 25-26

Overview

This advanced course is designed to complement the 4-part 706 Preparation Series and will discuss various aspects of the Generation-Skipping Transfer Tax.

Highlights

• Taxable terminations
• Mismatch between available exemption and GST, and utilizing excess GST
• GST elections on Form 709 and automatic allocations

Prerequisites

Completion of the Form 706 Preparation 4-part series is encouraged.

Designed For

CPAs and attorneys who work extensively with Estate plans and the Generation-Skipping Transfer Tax.

Objectives

• Determine the application of the GST rule and when the tax is triggered.
• Recognize transfers that trigger GST and when to automatically allocate GST (or elect out) in gifting.
• Identify common pitfalls.

Preparation

Working knowledge of Forms 706 and 709.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CalCPA (calcpa@calcpa.org). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.