Ch 9: Specialized Tax Returns for Individuals

About This Chapter

This entertaining chapter offers a comprehensive overview of specialized tax returns for individuals, and you can use it to prepare for an exam or increase your tax knowledge. Engaging lessons, mini quizzes and other study resources are available to quickly and effectively boost your knowledge of these returns.

Specialized Tax Returns for Individuals - Chapter Summary

Get an in-depth explanation of specialized tax returns for individuals by exploring our fun lessons. Our instructors make it easy to understand gift taxes, marital deductions in state planning, generation skipping transfer tax (GSTT) and more. Study the lessons at your own pace. By the end of this chapter, you should be able to do the following:

  • List types of planning for estate taxes
  • Calculate estate and gift tax
  • Share the duties of financial planners and discuss practical aspects of life insurance
  • Discuss rules and strategies of marital deductions in estate planning
  • Explain how jointly held properties, IRAs and retirement plans are taxed
  • Define and discuss the limits and exclusions of gift tax
  • Describe the purpose and components of generation skipping transfer tax
  • Provide the definition of the Report of Foreign Bank and Financial Accounts (FBAR)

This chapter offers a unique opportunity to study for your test anywhere and anytime your schedule permits. All lessons are available 24/7 and can be viewed using any computer or mobile device. Quizzes accompanying the lessons are also available around-the-clock and can assess your comprehension of specialized tax returns for individuals. If you have questions about topics covered in the lessons, feel free to submit them to our experts.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.