Wednesday, August 6, 10:00 a.m.–Noon ET
| MCLE Credit: | 2.0 |
| Live-Interactive Credit: | 2.0 (all formats) |
This seminar provides practitioners with actionable guidance to ensure accurate compliance with the updated Form 709 requirements, minimize audit exposure, and optimize tax outcomes for clients engaging in wealth transfer planning. The speaker, Nathan Olansen, will review comprehensive strategies for navigating the complexities of the United States Gift (and Generation-Skipping Transfer) Tax Return, highlighting the newest form revisions and recent updates that impact practitioner compliance. Attendees will explore critical distinctions between regular and generation-skipping gifts, substantial disclosure requirements, and the details of proper valuation and documentation for various gifts, including 529 plan contributions and direct versus indirect transfers. The seminar will also furnish practical insights on maximizing annual exclusion benefits for present interest gifts, properly reporting GST exemption allocations, and making informed decisions about automatic allocation elections.
Topics will include:
Registration Deadlines:
Webcast: | 10 minutes prior to seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials. |
Telephone: | Online registration ends at 11:59 p.m. the day preceding the seminar |
Live on Site: | Online registration ends at 11:59 p.m. the day preceding the seminar |
Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE®.
Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.
Dietary Restrictions: If you have dietary restrictions and are attending the seminar in person, please email deanna.mcglothlin@vacle.org.
Inclement Weather Policy and Updates
MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.
Private recording of this program is prohibited.
Can’t Attend?
E-mail distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
E-mail publications@vacle.org to be notified when/if this program’s seminar materials are made available for sale.
10:00 | Gift Tax: Form 709 Preparation, Review, and Best Practices |
12:00 | Adjourn |
Nathan R. Olansen, Midgett Preti Olansen / Virginia Beach
Nathan Olansen is the Managing Shareholder at Midgett Preti Olansen, PC, in Virginia Beach, VA. His practice is focused on estate planning, probate and trust administration, IRS and state and local tax resolution, as well as individual and entity tax planning, asset protection, and a variety of related transactional matters such as business succession planning. He has extensive experience in drafting and implementing all types of basic and complex estate planning documents, the administration of trusts and estates through probate and in private trusts, and serving as the executor and/or trustee for clients seeking long-term, professional trust management. Mr. Olansen’s experience also includes individual, gift, estate, and trust income tax compliance and preparation (Forms 1040, 1041, 706, and 709), and trust and estate fiduciary accounting preparation and forensic examination.
Mr. Olansen is a Fellow in The American College of Trust and Estate Counsel (ACTEC), and he is listed in Best Lawyers in America® across four categories: Trusts and Estates; Tax Law; Litigation—Trusts and Estates; and Litigation and Controversy—Tax. He received his undergraduate degree from Old Dominion University, his law degree from Regent University School of Law, and his LL.M. in Taxation from the Boston University School of Law. He is also a certified public accountant and served in the U.S. Marine Corps Reserves as a member of the 4th Light Armored Reconnaissance Battalion.
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