Complex Gift Reporting on Form 709: GRATs, Business Interests, Crummey Trusts, CLTs and CRTs, QPRTs
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will guide practitioners through reporting of more complicated gifts, including examples of how gratuitous transfers made under common estate planning strategies should be reported and disclosed on Form 709. Our expert panel will discuss in detail the reporting of gifting to GRATs, Crummey trusts, charitable trusts, QPRTs, gifts of business interests, GST implications of these gifts, and other details regarding asset transfers.
- Gifts to Crummey trusts
- Gifts of privately held business interests
- Transfers to GRATs
- Gifts to QPRTs
- Gifts to charitable trusts (CRTs and CLTs)
- GST exemption allocations for trust gifting
- Other reporting issues
- Adequate disclosure
The panel will review these and other critical issues:
- Where and how to report transfers to Crummey trusts, GRATs, QPRTs, CLTs, and CRTs on Form 709?
- What are the reporting considerations for the transfer of a business interest?
- How is a GST election disclosed on a gift tax return and what are best practices for making disclosures?
- What are best practices to ensure adequate disclosure compliance?
Erin Fukuto, CPA, MST
Raimondo Pettit Group
Ms. Fukuto heads the firm’s estate, gift, and trust services. She specializes in income tax and estate planning... | Read More
Ms. Fukuto heads the firm’s estate, gift, and trust services. She specializes in income tax and estate planning with an emphasis on minimizing taxes, increasing corporate profits and individual net worth, and helping not-for-profit organizations maintain their tax exempt status. Her responsibilities include: partner in charge of trust, estate and gift tax services; individual, estate, gift and trust tax planning and compliance; corporate, partnership and business tax planning and compliance; providing advisory support, tax and compliance services to nonprofit organizations; and transactional and business succession planning. Ms. Fukuto has over 20 years of experience in public accounting.Close
Paul Jones, CPA
Paul Jones Attorney
Mr. Jones is an attorney and CPA. He focuses his practice on tax law, business law, estate planning, expat tax and... | Read More
Mr. Jones is an attorney and CPA. He focuses his practice on tax law, business law, estate planning, expat tax and wills and trusts. He has given presentations on a wide array of issues, including accounting for trusts and estates, tax planning for trusts and estates, and foreign earned income focusing on exclusion and other tax Issues for expat workers.Close
Access Anytime, Anywhere
CPE credit is not available on downloads.