Gifting can be a major goal for a client’s life and legacy, but this process can often lead to unexpected tax liabilities and reporting obligations. Advisors can add immense value by helping clients avoid common pitfalls associated with gifting and sharing strategic methods to structure gifts for tax efficiency.
In this webinar, David Haughton, JD, CPWA® walks through three common methods of gifting (direct gifts, gifts in trusts, and gifts to 529 plans) along with their respective benefits, common pitfalls, tax implications, and gift tax reporting requirements
During this webinar, advisors will learn how to:
- Discuss the major gift tax “exemptions” and how the sunset of the Tax Cuts and Jobs Act (TCJA) may impact them.
- Explain common gifting methods along with the benefits, downsides, and potential tax implications of each.
- Assess when a gift would require a client to file a gift tax return, when a client may benefit from filing a gift tax return even if it is not required, and the nuances of valuing gifts for a Form 709 filing.
- Structure gifts to plan for basis, minimize tax liabilities, and effectively avoid or utilize gift reporting based on the nature of the gift and the client’s unique gifting needs.
Accessing the webinar:
You can find your custom link by accessing the email confirmations that have been sent to you via email from webinar.host@bigmarker.com. You can also find your individual sign-on link within the downloadable calendar invite for the webinar.
Continuing Education (CE): 1.5 Credits
For attendees who want to receive CE credit for designations managed by the CFP Board, IWI, and American College, we will report your attendance directly to these organizations within 72 hours as long as you enter your certification numbers during registration and attend the live session for at least 75 minutes.
For attendees who want to receive CE credit as an Investment Adviser Representative (IAR), we will report your attendance directly to FINRA within 72 hours as long as you enter your certification numbers during registration and attend the live session for at least 75 minutes. Additionally, Kitces Members must have purchased the IAR Add-on to have their CE reported to FINRA as an IAR.
For attendees who want to receive CE credit as a Certified Public Accountant (CPA), you must attend the live session for at least 75 minutes and complete all polls presented at the live event. A certificate will be provided to you for self-reporting to NASBA.
All attendees who meet the minimum attendance requirement of 75 minutes will also receive a completion certificate that you can use to report CE to other organizations. We don't report for state-level insurance licensing although some states may accept completion certificates if you self-report.
Recordings:
Non-Members: Those who are NOT Kitces.com Members will have access to the recording for 30 days. Though continuing education is available for the live session, the recording is not CE eligible.
Kitces.com Basic & Premier Members: The video presentation and a recording of the live Q&A will be available on the Webinars page in the Members Section. Note: If you were not able to attend the live session for the full 50 minutes, successful completion of a quiz will be required in order to receive CE for viewing the RECORDED VERSION posted to the Members Section.
