This course has been updated to reflect all current changes to tax law as practitioners prepare returns in 2026. This course explore the topic of gift taxes. It explains when gifts are free of tax liability and identify various scenarios where filing a gift tax return is required.
At the end of this course, students will be able to
- Describe what financial transactions constitute a gift.
- Recognize when a gift transaction is completed.
- Identify the annual gift exclusion amount.
- Differentiate between present interest and future interest gifts.
- Recognize the types of gifts that are not subject to gift taxes.
- Recognize the benefits of gift splitting.
- Identify the form that is used for Gift Taxes and the due date for submitting it.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Discover and describe what financial transactions constitute a gift.
- Recognize when a gift transaction is completed.
- Identify the annual gift exclusion amount.
- Discover and differentiate between present interest and future interest gifts.
- Recognize the types of gifts that are not subject to gift taxes.
- Recognize the benefits of gift splitting.
- Identify the form that is used for Gift Taxes and the due date for submitting it.
Last updated/reviewed: September 25, 2026
(0) Reviews
(0 rating)Lesson Questions and Answers (0 Questions)
There are no questions.
Answers to Frequently Asked Questions (FAQs)
Andrew Clark
Instructor
INTRODUCTION AND OVERVIEW
- Overview of Gift Taxes 9:20
- Timing of a Gift 11:52
- Crummy Trusts and Other Gifts 7:20
- Overview of Trusts 8:38
- Trusts in Detail 12:30
- Trust Expenses and Taxes 6:36
- Marital Deduction Trusts and QTIP Trusts 11:56
- Revocable Living Trust Clauses and Trustees 14:44
- Gift Splitting 18:06
- Generation Skipping Transfer Taxes 14:16
CONTINUOUS PLAY
- Gift Taxes 1:55:18
SUPPORTING MATERIAL
REVIEW & TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM locked
