Events
Identifying and Repairing Form 709 Gift Tax and GST Return Reporting Errors
On January 13, 2021, Partner Michael Clear will be speaking in an upcoming Strafford live webinar, “Identifying and Repairing Form 709 Gift Tax and GST Return Reporting Errors.”
Tax advisers and estate planners frequently encounter situations where a client has made a reportable gift but has failed to file an accurate Form 709 Gift Tax Return. In some scenarios, gift tax return errors have critical and far-reaching effects for the taxpayer. Tax advisers must identify and fix the most common gift reporting errors.
Michael’s panel will provide tax advisers and compliance professionals with a thorough and practical guide to identifying and remedying gift tax reporting errors on IRS Form 709. The panel will also discuss common and complex gift tax mistakes, including incorrect reporting of gift splitting and incorrect GST allocations, as well as detail amended and subsequent year filings.
They will also explore these additional important topics:
- Identifying circumstances where a client failed to file a required Form 709 Gift Tax Return;
- Failure to accurately account for a “split gift”;
- Errors in GST exemption allocation; and
- Impact of powers of appointment on gift tax returns.
A live question and answer session will take place after the panelists’ presentations.
To learn more or to register, please click here.
