ENG2440. Are You Prepared to Prepare the Complex Gift Tax Return? (TAX, EST)

This session focuses on the preparation and presentation of gift tax returns involving complex estate-planning transactions, including personal residence trusts, limited partnerships and grantor retained annuity trusts, as well as pitfalls regarding GST tax issues and "adequate disclosure" requirements in preparing the return. Discussion of defending a gift tax return audit will also be covered.

Learning Objectives:

• Identify the fundamental elements, as well as the nuances, of preparing a complex gift tax return.
• Evaluate tips and observations in handling a gift tax return audit.