24WA-0124: The Preparation of Form 706 and 709: Understanding the Law, Line-By-Line (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Saturday, April 13, 2024
11:00am - 4:35pm Central Time
6 CPE (6 technical)

Tax compliance issues in estate and gift taxation are sometimes confusing to practitioners because many lack experiences in this area. This course, is a the entire 2-part series (6 CPE hours in total). It provides the practitioner with a practical understanding of Federal estate and gift tax law, as well as provide 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) line by line. Emphasis will be given on the various of the Internal Revenue Code Sections that deal with this topic (income taxation of estates and trusts). Mastering these sections of the Internal Revenue Code areas will allow the practitioner to start their understanding of tax compliance in preparing Federal Forms 706 and 709 and gain confidence in preparing these difficult tax returns.

Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Major subjects

• Understanding the basics of Estate and Gift Taxation
• Understanding valuation of assets
• Understanding what constitutes the "Gross Estate"
• Understanding the various deductions (funeral and administrative expenses)
• Understanding debts Understanding the char

Learning objective(s)

• To provide an overview and guide to understanding Federal Estate and Gift Taxation so that a practitioner will able to successfully prepare Internal Revenue Service Forms 706 and 709.
• To provide a line-by-line understanding of the tax compliance issues in preparing the Federal Forms 706 and 709 so that the practitioner will able to successfully add this compliance are to their practice

Who should take this program?

CPAs, EAs, attorneys and other tax professionals 

Fees

Standard Member Fee	$189.00
Standard Nonmember Fee	$189.00