Individual Tax Series

An Overview of the Federal Estate and Gift Taxes (2018)

This course gives an overview of the structure and basic components of the unified federal transfer tax system. It covers the essential elements of both the estate and gift taxes. The course discusses the valuation concepts employed. It also reviews the determination of the income tax basis of gifted and inherited property.

Learning Objectives:

After completing this course, the course participant should be able to:
  • Identify which assets held by a decedent are included in his/her estate tax computation.
  • Specify which costs and property transfers are deductible in the estate tax computation.
  • Determine how the estate tax is computed.
  • Define the relationship between the federal gift and estate taxes.
  • Indicate which lifetime transfers are subject to the federal gift tax.
  • Recognize how the gift tax is computed.
  • Determine how property is valued for transfer tax purposes.
  • Calculate the tax basis for gifted and inherited property.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
    of its professional markets.

    Prerequisites/Advanced Preparation:


    Speaker / Author:

    Paul J. Streer
    Paul J. Streer, PhD, CPA, is a Professor of Accounting at the J. M. Tull School of Accounting in the Terry College of Business at the University of Georgia, where he teaches graduate-level tax courses in partnerships and personal financial tax planning. He has published numerous articles in professional and academic journals. He is an active instructor and author of CPE courses, which he teaches at both the state and national levels.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS


    Price (USD)

    Standard Rate: $24.95


    Course Code : 99STR01-v2

    Release Date : 04/20/2018
    Expire Date : 04/20/2020
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Taxes

    Theme : Individual Tax Series

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