Form 706 Preparation Part 3: Reporting Deductions 2024
Webinar
2.00 Credits
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Overview
This section of the 4-part series will cover fundamentals of Form 706 with numerous examples of how to properly report deductions on the estate tax return, including the marital and charitable deductions.
Highlights
- How to report funeral and administrative expenses on Schedule J and/or L
- How to report debts, mortgages and liens on Schedule K
- Marital deduction and elections, QTIP, Reverse QTIP, QDOT, over-stated marital deductions
- Charitable deduction Schedule O and potential problems
Prerequisites
Completion of Form 706 Preparation Parts 1 and 2
Designed For
CPAs, attorneys, bankers, enrolled agents and professional staff.
Objectives
- Determine the proper schedule for and reporting of deductions
- Recognize protective and perfected refund claims with estate tax
- Identify potential audit issues relative to deductions on 706
Preparation
None
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