Mastering GST Elections and Reporting: Minimizing Generation-Skipping Transfer Tax Through Indirect Skips

Opting Out of Automatic Allocation of GST Exemptions, Structuring GST-Exempt Trusts and Reporting Skip Transactions

Recording of a 110-minute CPE webinar with Q&A

Conducted on Tuesday, February 7, 2017
Recorded event now available

This webinar will provide tax advisers with a comprehensive and practical guide to generation skipping transfer (GST) election strategies and the tax reporting mechanics of calculating GST taxes. The panel will offer specific guidance on reporting GSTs under various transfer scenarios. The panel will outline the available elections and exemption provisions to minimize GST impact and avoid costly penalties.


A significant and often complex challenge for estate advisers and compliance professionals is navigating the GST tax rules. Quite often a taxpayer will transfer property to a “skip person” inadvertently and the tax adviser discovers the transfer at the time a tax return is due, or in many cases, does not discover the transfer until after the due date by which GST reporting was required. There are, however, several elections that taxpayers may make to take some of the bite out of GST tax.

In addition to identifying transfers to a skip person or to a trust for the benefit of a skip person, tax advisers need to know how much of the taxpayer’s GST exemption has been previously used and calculate exemption allocations for GST purposes on Form 709. Advisers must also understand when to opt out of the automatic allocation rules and when to contemplate making a reverse QTIP election. In addition, understanding the process for obtaining Section 9100 relief to allocate GST exemptions can provide crucial benefits to taxpayers caught up in the GST regime.

Listen as our experienced panel provides practical guidance on allocating GST exemptions and on the elections available to tax advisers and compliance professionals to minimize the tax impact of GST tax.


  1. Calculating GST exemption
  2. Structuring GST trusts
  3. Allocating GST exemptions to trusts
    1. Opting out of automatic allocation to direct skip persons
    2. Allocating exemption to indirect skip persons
    3. Tax reporting of indirect skips
  4. Case study and illustrations of trust language


The panel will discuss these and other important topics:

  • Elections and strategies to minimize or avoid GST tax
  • Strategies for allocating GST exemption
  • Calculating inclusion ratios on GST transfers into trusts
  • How and when to opt out of automatic allocations to direct skip persons

Learning Objectives

After completing this course, you will be able to:

  • Distinguish between direct skip persons and indirect skip persons
  • Identify transfers that are subject to GST tax
  • Determine when opting out of automatic allocation of GST exemption is a beneficial strategy
  • Recognize language that must be included in GST-exempt trusts


Parker F. Taylor, Shareholder
Greenberg Traurig, Fort Lauderdale, Fla.

Mr. Taylor focuses his practice primarily on tax law, wealth management, and trusts and estates. He regularly counsels high-net-worth individuals and family entities on estate, gift, generation-skipping transfer, and income tax matters. Parker's work also includes estate administration, drafting prenuptial and postnuptial agreements, and all aspects of tax controversy, including dealing with IRS examination and appeals.

Diana S.C. Zeydel, Shareholder
Greenberg Traurig, Miami

Ms. Zeydel is the National Chair of the firm’s Trusts and Estates practice, and she focuses on estate, trust and tax planning for high net worth individuals and families. Her practice includes planning for U.S. and non-U.S. citizens and residents, and she specializes in sophisticated intra-generational wealth transfer strategies and business succession planning. She assists clients in litigated probate, trust and guardianship matters, and represents clients before the Internal Revenue Service in matters involving complex fiduciary income tax and estate, gift and generation-skipping transfer tax matters.

EA Credit

Enrolled Agent credit processing is available for an additional fee per person.

EA Processing $5.00


Recorded Event

Includes full event recording plus handouts.

Note: Self-study CPE and EA credits are not offered on recorded events.

Recorded Webinar Download $147.00

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Recorded Audio Download (MP3) $147.00

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Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Program Materials

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Program Materials

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Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.

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EA Credit

Strafford is an IRS approved continuing education provider and this course is approved for 2 enrolled agent (EA) credit hours.

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Customer Reviews

The conference was technical, informative and presented at a good pace.

Krystal Ching


I appreciated the flow of the information offered and the ease at which I could follow the handouts.

Larry Bruck

WISS & Company

I purchased the conference a few minutes after it began and the customer service rep was very helpful and got me signed up and logged into the conference very quickly.

Joanna Johnston

Savas Greene & Company

I liked the concentration on specific issues and examples.

Edita Rimalovsky

Komisar Brady & Co.

I loved the tools and handouts. Every CPE class should offer these kind of tools.

Jackie Meyer

Sample and Bailey

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