Description:

Tax compliance issues in estate and gift taxation are sometimes confusing to practitioners because many lack experiences in this area. This course provides the practitioner with a “hands-on” understanding as to how to prepare both the Federal Form 706 (Estate Tax return) and the Federal Form 709 (Gift Tax return). The participants will be shown how to properly prepare these returns “line-by-line”. Mastering this course will allow the practitioner to gain confidence in preparing these difficult tax returns.

Session Highlights:

• Line-by-Line Preparation of Form 706 and 709
• Overview of the Federal Form 706
• Overview of the Federal Form 709
• How to prepare a federal estate tax return (Form 706)
• How to prepare a federal gift tax return (Form 709)
• How to comply with “Portability”
• Coordination of the various issues involved in the preparation of the decedent’s final federal income tax return (Form 1040)
• Various postmortem estate planning issues involved in the preparation of the above-mentioned tax returns

Who should attend?

• CPAs
• EAs
• other tax & financial professionals