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Estate & Gift Tax Review & Update (2024-25) 2 Credits

Estate & Gift Tax Review & Update (2024-25) 2 Credits

  • Rating

    4.6

  • Reviewed on

    February, 2025

  • Subject Area

    Taxes

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Learning Objectives

  • Review of the estate tax.  
  • Review of the generation skipping transfer tax. 
  • Review portability issue of unused unified tax credit 
  • Discuss the relevant forms associated with the estate and gift taxes. 
  • Illustrate the filing of Forms 706 and 709.  
  • Discuss the difference between Form 1040 and 1041 by an estate. 
  • Introduce tax planning considerations.

Course Overview

Most taxpayers are not currently subject to estate taxes. However, this situation is likely to change in two years as the Jobs Cuts and Tax Acts sunset. There is still time to take advantage of some of the estate tax provisions before sunset by gifting some assets in the current and forthcoming year. To do so, tax professionals need to discuss these benefits with our clients.  

This CE Course will highlight the federal tax issues associated with estate and gift tax issues. Under current rules, few taxpayers are subject to estate and gift taxes given the Unified Tax Credit (UTC) doubled by the Tax Cuts and Jobs Act of 2017. However, the UTC is due to return to the pre-2017 figures adjusted for inflation in 2026 as TCJA sunsets at the end of 2025.  The prospects of TCJA sunsetting are one issue to be aware of. There is sentiment by the president and some in Congress to further reduce the UTC. Hence, tax planning before 2026 is something tax professionals need to discuss with their clients.

Major Topics Covered:

  • Unified Tax Credit
  • Forms to be Filed After Death
  • Generation-Skipping Transfer Tax
  • Inter vivo Gifts Reporting
  • Special Rules for Gift Tax Exclusion
  • Tax Preparer Penalties

Join this CE Course. It presents the issues associated with the estate and gift tax provisions and the thoughts of some congressional members about the future of the estate tax. In addition, we review the tax forms associated with estate and gift taxation.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02128-24-S) 2 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02128-24-S) 2 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1713) 2 CE Approved
Personal Financial Specialist (PFS) 2 CPD Eligible
Taxes for Chartered Financial Analyst (CFA) 2 PL Eligible
Estate Planning for Certified Financial Planner (CFP-US) (Approval No. 332217) (Valid upto : Dec 31, 2025) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Chartered Financial Consultant (ChFC) 2 CE Eligible
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02128-24-S) 2 CE Approved
Certified Wealth Strategist (CWS) 2 CE Eligible
Trust and Estate Practitioners (TEP) 2 CPD Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 2 CE Eligible
Retirement Income Certified Professional (RICP) 2 CE Eligible
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02128-24-S) 2 CE Eligible
Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) 2 CE Eligible
Wealth Management Certified Professional (WMCP) 2 CE Eligible
Financial Services Certified Professional (FSCP) 2 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02128-24-S) 2 CE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Estate Planning for Chartered Advisor in Philanthropy (CAP) 2 CE Eligible
Estate Planning for Chartered Life Underwriter (CLU) 2 CE Eligible
Chartered Special Needs Consultant (ChSNC) 2 CE Eligible
Chartered Advisor in Senior Living (CASL) 2 CE Eligible
CIPM 2 PL Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02128-24-O) 2 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02128-24-O) 2 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1713) 2 CE Approved
Personal Financial Specialist (PFS) 2 CPD Eligible
Taxes for Chartered Financial Analyst (CFA) 2 PL Eligible
Estate Planning for Certified Financial Planner (CFP-US) (Approval No. 332217) (Valid upto : Dec 31, 2025) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Chartered Financial Consultant (ChFC) 2 CE Eligible
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02128-24-O) 2 CE Approved
Certified Wealth Strategist (CWS) 2 CE Eligible
Trust and Estate Practitioners (TEP) 2 CPD Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 2 CE Eligible
Retirement Income Certified Professional (RICP) 2 CE Eligible
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02128-24-O) 2 CE Eligible
Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) 2 CE Eligible
Wealth Management Certified Professional (WMCP) 2 CE Eligible
Financial Services Certified Professional (FSCP) 2 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02128-24-O) 2 CE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Estate Planning for Chartered Advisor in Philanthropy (CAP) 2 CE Eligible
Estate Planning for Chartered Life Underwriter (CLU) 2 CE Eligible
Chartered Special Needs Consultant (ChSNC) 2 CE Eligible
Chartered Advisor in Senior Living (CASL) 2 CE Eligible
CIPM 2 PL Eligible

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

About Instructor

Tony Curatola

Tony Curatola , PhD, MBA

Joseph F. Ford Professor of Acct’g & Tax, Drexel University

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Dr. Curatola is the Joseph F. Ford Professor of Accounting at Drexel University in Philadelphia. He is the Tax Column Editor for Strategic Finance since 1992. He has served as the editor of the Journal of Legal Tax Research and currently serves on the editorial review board of several journals, and has held a variety of leadership positions, including current national service with the Institute of Management Accountants. He has published over 250 articles in journals including Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Oil, Gas, & Energy Quarterly, and Tax Notes to name a few. Dr. Curatola was a co-editor on IRA Answer Book by Wolters Kluwer and author of the EA Review course for Surgent Publishers. Dr. Curatola externally funded research findings have appeared in media such as Forbes Magazine, The Washington Post, The Wall Street Journal, The New York Times, and other media outlets.

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To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

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What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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JNT

Jitendra N Tandon, EA

5

Very well presented with lot of add on information.It is a well informed, thorough presentation. Speaker has an impressive capability of explaining complex subject matter in a easy , clear and precise manner.

KK

Keith Knabe, CPA (US)

5

I enjoyed this 2 hour course which was a nice review of estate taxes and gift taxes. The instructor knew his stuff and was able to present it and have it make sense. Well done on this one.

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