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Advanced Issues: The Art of the Estate Tax Return 4171982B
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Dive into strategies for preparing an estate tax return and achieving the most successful results for clients during an audit, including compliance and planning opportunities with the portability election. Learn about the weaknesses in IRS arguments, how to secure the best appraisal results and how to effectively make portability elections. Additionally, explore the counter arguments for IRS challenges to FLPs, formula clauses, promissory note valuation and allowable deductions.

8/15/2017
When: 9:30 AM to 5:00 PM
Where: Webcast
CALCPA
4171982B
United States
Presenter: Keith Schiller, Esq.
Contact: April Deneault
801-466-10307


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Curriculum:   Trusts and Estate Planning,Individual Tax Planning and Return Preparation,Retirement, Pensions, Financial Planning & Ins.

NASBA Credit Category:  Taxes

CPE Hours:  8

Description

Dive into strategies for preparing an estate tax return and achieving the most successful results for clients during an audit, including compliance and planning opportunities with the portability election. Learn about the weaknesses in IRS arguments, how to secure the best appraisal results and how to effectively make portability elections. Additionally, explore the counter arguments for IRS challenges to FLPs, formula clauses, promissory note valuation and allowable deductions. Other topics include avoiding traps in both planning and preparing Form 706; best use of administrative expense deductions; achieving the best audit results; and staying on top of refund claims. Attendees will have the opportunity to shape the course by requesting topics they want discussed. These topics will either be integrated into the pre-set points the instructor plans to cover or added as special points for discussion in class.

Course materials include the instructor's award-winning book and latest supplement, "Estate Planning At The Movies®—The Art of the Estate Tax Return," which delivers best practices and cutting-edge strategies for estate tax savings. The course text published by Bloomberg, BNA Books, references more than 200 motion pictures related to class topics. The author and publisher have made these course materials available at a specially discounted price. The book and supplement provide valuable resources. It is not possible to cover the book in its entirety during the class.

Note: Webcast participants will receive course materials in e-book format.



Major Subjects

  • Deceased spousal unused exclusion amount (DSUEA).
  • Maximizing fractional interest discounts.
  • Strategic choices with estate tax versus income tax planning when preparing Form 706.
  • Working with and selecting appraisers.
  • Reducing discounts on the death of the first spouse.
  • Effective planning and return preparation with FLPs and family LLCs.
  • Honing marital deduction reporting.
  • Reporting reverse QTIP elections and GST exemption allocations on Form 706.
  • Protective and perfected refund claims.
  • New rules and Form 8971 for basis reporting consistency.

Objectives

  • Determine how to slash estate tax liability.
  • Identify topics to make your estate tax return practice more effective.
  • Determine how to best integrate estate tax return preparation into your more effective accounting or law practice.
  • Identify how to avoid audits and gain insight to the selection of estate tax returns for examination.
  • Determine the hottest issues and challenges with estate tax audits.

Level:  Advanced

Designed For

Attorneys, CPAs and tax practitioners with experience related to Form 706 who wish to prepare significantly more effective estate tax returns.

Advanced Prep:

Laptop and course materials must be brought to class.

Prerequisite

Familiarity with estate tax return preparation and estate planning.

Price:

Members: $245

Nonmembers: $375

 

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