The generation-skipping transfer tax (GSTT) can apply when grandparents (G1) directly transfer cash or property not to their children (G2), but to their grandchildren (G3) outright or in a "skip" trust. The GSTT can also apply when transfers are made to other family members and to unrelated individuals who are at least 37 1/2 years younger than the transferor. Since 1976, the Internal Revenue Code (IRC) has applied an additional GSTT tax to "direct skips" from G1 to G3, "taxable distributions" from skip trusts and "taxable terminations" when skip trusts are terminated. Of critical importance in GSTT planning are the GSTT exemption and the GSTT annual exclusion.

This comprehensive course will: 1) examine how the GSTT works in the "foundational concepts" section, 2) review the tax filing requirements that arise on the 709 and 706 Forms, and 3) review commonly used planning techniques where the GST can apply.

Your certificate will be awarded upon your successful completion of the course requirements comprised of two comprehensive video lectures, multiple reading assignments, which will be followed by a 15 question multiple choice test.