Unwrapping the Gift Tax, Form 709
Inland Empire Chapter In-Person Meeting

Date/Time:

Wednesday, September 21, 2022
5:30 PM to 9:00 PM

Location:

DoubleTree Hotel Claremont
555 West Foothill Blvd
Claremont, CA 91711

Topic: 

The “Gift Tax” is often misunderstood by practitioners and clients. We ask the question about gifts over $15,000, but do you or your client understand why we ask the question, what the tax reporting requirements are, and who is responsible for the tax consequences should there be any? This course will identify different types of gifts; explain how gifts are taxed; and what the reporting requirements are for gifts. We will review the reporting requirements for gifts to non-citizen spouses along with other international issues in regard to gifts. At the end of the course you will see how the 709 Tax Return directly relates to the 706 Tax Return and how this can affect the outcome of the 706 Tax Return. Examples will be included.

Presenter:

Linda Beckett, EA
Recently retired, Linda Beckett, EA, worked as a tax professional for over 35 years. During her career she represented and prepared returns for individuals, entities, trusts, and estates. She specialized serving small businesses, including payroll, sales tax, excise taxes, and other regulatory requirements for the small business. Linda served the State president of California Society of Tax Consultants (CSTC) in 2005 and 2006, and has served as her local Chapter President, where she is actively involved in assisting to provide quality education opportunities to her peers. She was honored as “Member of the Year” from the California Society of Tax Consultants in 2006 and given a “Lifetime Achievement Award” from her Chapter in 2012 for her exemplary leadership as a Chapter President.

CPE Information:

2 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01716-22-I
CTEC: 1000-CE-5132

Knowledge Level: Basic (No prior knowledge expected)

Cost:

Registration Price IF REGISTERED BY NOON on September 19, 2022*
Registration Fee (Member): $35
Registration Fee (Non-Member): $65

*No registrations can be accepted after Sunday, September 19, 2022 by noon. Please make your reservation by the deadline. The DoubleTree cannot accommodate Walk-Ins! Meal selection to be determined during registration.

Questions? Please contact Hilde Morrow, email: [email protected], phone 951.836.3006 or David Knutson, email: David [email protected], phone 909.894.9049; or Chapter email: [email protected].

Cancellation and Refund Policy for Webinar Purchase: 
Written webinar cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.