Form 706 Compliance For Estates: Challenges With Includable Property, Tax Calculations, Valuation Elections
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Filing an estate tax return on federal Form 706 poses a number of challenges, starting with the simple question of whether a return is needed. That is only the beginning. For example, what estate property should be included in the return? What deductions can be taken from the gross estate?
From there, numerous Form 706 compliance challenges arise. Questions you’ll face range from more general, such as calculating federal estate tax and credits against it, to more specific, such as how to address retirement plans and valuations or how much to put into a credit shelter trust for a spouse.
In navigating the pitfalls inherent in filing Form 706 and its schedules and properly identifying estate tax elections for valuations and timing of payments, tax professionals will benefit from insights offered by experienced estate tax specialists.
Listen as our panelists offer approaches for tackling compliance decisions demanded by the federal estate tax return.
- Overview of federal estate tax concepts
- Determining includable property
- Deductions and credits
- Tax calculation
- Valuation issues
- Impact of state laws and death taxes, wills and trusts
- Frequent estate tax audit red flags
The panel will review these and other key questions:
- Under what circumstances does an estate tax return really need to be filed?
- What property should be included in, and deductions taken from, the estate in preparing Form 706?
- What are the rules for alternate and special-use valuations?
- How do trusts, wills and state laws affect the federal estate tax return?
Upon completing this seminar, you will have an improved grasp of gift tax filing issues to anticipate on federal Form 706 and a better awareness of current planning and wealth transfer opportunities. You will be able to identify when an estate tax return really needs to be filed, property to include and deductions to take for the estate in preparing Form 706. You will learn the ins and outs of the rules for alternate and special-use valuations and understand how trusts, wills and state laws affect the federal estate tax return.
This program has been approved for 2.0 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.
Strafford 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.
To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.
Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.
Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.
If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:|
Webcasts, audio conferences, and podcasts are presentations that you
attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without
any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back
at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous
times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
|Licenses / Designations / Educational Credits:||CPE|
All US States: 2
|About The Provider:
||Strafford Publications, 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.
Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.
Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone.
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