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Understanding the Generation Skipping Transfer Tax
Total Credits: 1 including 1 Taxes - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Tax | IRS Approved
- Speaker:
- Arthur Werner
- Course Levels:
- Basic
- Duration:
- 1 Hour
- Product Type:
- Live Webcast Replay
- License:
- Expires 30 day(s) after program date.
Description
This course provides a focused and practical overview of the Generation Skipping Transfer (GST) Tax, designed specifically for professionals involved in estate and gift tax planning. As Part 4 of the Form 706 and 709 series, this session zeroes in on the rules, definitions, and application of GST tax, including the mechanics of calculating the inclusion ratio and how the GST exemption operates in real-world planning scenarios. Participants will gain clarity on how to identify skip persons, the types of transfers subject to the GST tax, and the proper treatment of direct skips, taxable terminations, and taxable distributions. Through clear examples and practical instruction, this course walks participants through voluntary, timely, late, and retroactive GST exemption allocations. With increasing regulatory complexity and heightened exemption limits, understanding the GST tax is critical for practitioners assisting clients in multigenerational wealth transfers. This course supports more accurate return preparation and strategic allocation of exemptions to minimize tax exposure.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Basic Course Information
Learning Objectives- Identify the different types of transfers subject to the GST tax
- Define key GST tax terms including skip person, direct skip, and inclusion ratio
- Recognize the tax implications of taxable terminations and taxable distributions
- Apply the GST exemption to minimize or eliminate GST tax liability
- Differentiate between timely, late, and retroactive GST exemption allocations
- Describe the rules for voluntary GST exemption allocation during lifetime transfers
- Explain how formula allocations help achieve optimal inclusion ratios
- Determine how GST tax affects trust planning and multigenerational wealth transfers
Major Subjects
- Overview of the GST tax and its policy purpose
- Direct skips, taxable terminations, and taxable distributions
- Skip persons and treatment of trusts as skip persons
- Application of the GST exemption and inclusion ratio
- Timely, late, and retroactive GST allocations
- Formula-based exemption allocations
- Planning strategies for GST tax minimization
- Filing considerations for Forms 706 and 709
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Understanding the Generation Skipping Transfer Tax Handout (933.6 KB) | Available after Purchase | ||
| IRS Credit Instructions (3.2 MB) | Available after Purchase | ||
Speaker
Arthur Werner Related Seminars and Products
Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Dates
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Thu, May 29, 2025 - 09:30am to 10:27am CDT
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Wed, Jun 04, 2025 - 12:00pm to 12:57pm CDT
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Thu, Jun 26, 2025 - 09:30am to 10:27am CDT
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Thu, Jul 31, 2025 - 09:30am to 10:27am CDT
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Mon, Aug 04, 2025 - 12:00pm to 12:57pm CDT
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Thu, Aug 28, 2025 - 09:30am to 10:27am CDT
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Thu, Sep 25, 2025 - 09:30am to 10:27am CDT
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Sat, Oct 04, 2025 - 12:00pm to 12:57pm CDT
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Thu, Oct 30, 2025 - 09:30am to 10:27am CDT
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Thu, Dec 04, 2025 - 12:00pm to 12:57pm CST
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Thu, Jan 29, 2026 - 09:30am to 10:27am CST
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Wed, Feb 04, 2026 - 12:00pm to 12:57pm CST
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Thu, Feb 26, 2026 - 09:30am to 10:27am CST
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Thu, Mar 26, 2026 - 09:30am to 10:27am CDT
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Sat, Apr 04, 2026 - 12:00pm to 12:57pm CDT
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Thu, Apr 30, 2026 - 09:30am to 10:27am CDT
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Thu, May 28, 2026 - 09:30am to 10:27am CDT
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Thu, Jun 04, 2026 - 12:00pm to 12:57pm CDT
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Thu, Jun 25, 2026 - 09:30am to 10:27am CDT
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Additional Info
Basic Course Information
Prerequisites General understanding of estate and gift tax conceptsAdvanced Preparation None
Designed For CPAs, EAs, and tax professionals
Original Recording Date 05/01/25
Course Developer Werner-Rocca Seminars
Date Added to Catalog 05/01/25
Yellow Book
No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. 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 through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.