The Complete Guide to Preparing Forms 706 and 709

Overview

Navigating the intricacies of tax forms 706 and 709 demands expertise and attention to detail. This comprehensive course equips tax professionals with the essential knowledge and skills required to proficiently prepare these forms, ensuring accurate reporting and compliance with tax regulations.

Highlights

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”, 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 abovementioned tax returns, Complete understanding of estate and gift taxation

Prerequisites

None

Designed For

CPAs, EAs, and attorneys

Objectives

At the end of this course, you will be able to: Discuss how to prepare and complete Forms 706 and 709, demonstrating a comprehensive understanding of the nuances and requirements associated with these forms. Discuss how to accurately reportin estate taxes (Form 706) and gift taxes (Form 709), taking into consideration various complexities and scenarios.

Notice

Approved for EA Credits