Individual Tax Series

An Overview of the Federal Estate and Gift Taxes

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.

"Important: This course was previously titled as "An Overview of the Federal Estate and Gift Taxes (2020)" Please be aware that the content or course code has not changed."

Learning Objectives:

  • 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.

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.


Price (USD)

Standard: $24.95


Course Code : 99STR01-v3

Release Date : 10/27/2020
Expire Date : 10/31/2021
Credits :
CPE 1.00
QAS 1.00

Course Level : Basic
Length : 50min
Course Type : QAS Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes
Theme : Individual Tax Series

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