Estate And Gift Tax Review And Update
Anthony Curatola is the Joseph F. Ford Professor of Accounting and Tax
at Drexel University in Philadelphia. Tony’s area of research is the
taxation of individuals, small businesses owners, and retirement income.
He has authored over 230 articles in his field and has completed
sponsored research for external groups. His findings have appeared in
media such as Forbes, The Washington Post, Wall Street Journal, and The
New York Times. He is the editor of the tax column for Strategic
Finance, and the author of several interactive education courses for
Thomson Reuters. He holds a variety of leadership positions in
accounting associations, including the Institute of Management
Accountants. Dr. Curatola earned his B.S. in Accounting ’75 and MBA in
Finance ‘77 from Drexel University, M.A. in Accounting ’79 from The
Wharton School of the University of Pennsylvania, and Ph.D. in
Accounting ‘81 from Texas A&M University.
This session highlights 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 doubling of the Unified Tax Credit (UTC) 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. In addition, there is sentiment by the president and Congress to reduce the UTC even further. Hence, tax planning before 2026 may be something to consider at this time.
Areas Covered
- Review of the estate tax
- Review of the generation-skipping transfer tax
- Review the portability issue of unused unified tax credit
- Discuss the relevant forms associated with the estate and gift taxes
- Introduce tax planning considerations
Who Should Attend
Tax preparers, CPAs, Accountants, Financial Planners, Consultants, and Personal Advisors.
Why Should You Attend
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. But 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. But to do so, tax professionals need to discuss these benefits with our clients. This webinar 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.
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$200.00
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