Tax compliance issues at death are sometimes confusing to practitioners because many lack experience in this area. 

This course provides you with a practical understanding of the issues involved in preparing the federal estate tax return, Form 706. Upon completion of this course the participant will be able to:

* Identify the six major components of Form 706

* Identify compliance issues

* Recognize the importance of the information items and questions on Form 706

* Understand proper asset valuation compliance

* Understand proper deduction compliance

* Understand tax calculation

Agenda:

▪ How to prepare a federal estate tax return (Form 706)

▪ 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 above-mentioned tax return

▪ Complete understanding of estate and gift taxation