To provide preparers with a working knowledge of applicable tax laws and the hands-on ability to prepare complete and accurate estate tax returns.

• Estate tax computation
• Filing deadline
• Expansion and reunification of the applicable credit/exemption equivalent
• Valuation of estate assets
• Information needed to prepare the estate returns
• Calculation of gross estate
• Schedules
  – Schedule A—Real Estate
  – Schedule B—Stocks & Bonds
  – Schedule C—Mortgages, Notes & Cash
  – Schedule D—Life Insurance
  – Schedule E—Jointly Owned Property
  – Schedule F—Miscellaneous
  – Schedule G—Transfers During Decedent's Life
  – Schedule H—Powers of Appointment
  – Schedule I—Annuities
  – Schedule J—Funeral & Administrative Expenses
  – Schedule K—Debts of Decedent
  – Schedule L—Losses & Non-Claim Expenses
  – Schedule M—Marriage Deduction
  – Schedule O—Charitable Bequests

To provide preparers with a working knowledge of applicable tax laws and the hands-on ability to prepare complete and accurate estate tax returns.

DETAILED LEARNING OBJECTIVES

• Recognize the filing threshold for the estate tax return

• Recognize the due date for the filing of the estate tax return

• Identify the reason why a decedent’s lifetime adjusted taxable gifts are included in the estate tax calculation

• Identify the requirements for the decedent’s spouse to utilize portability

• Recognize the post 2025 exemption equivalent absent additional legislation

• Identify the date of the “alternate valuation date”

• Identify the reason behind the use of the alternative valuation date in valuing the gross estate 

• Identify when the special use valuation rules can be applied

• Identify how real estate is generally valued on the estate tax return

• Identify the rules for valuing closely-held stock

• Recognize when the value of a life insurance policy on a decedent’s life is includible in the decedent’s gross estate

• Recognize the proper placement of a decedent’s assets on the Form 706 Schedules

• Identify how to report the value of joint interests on a decedent’s estate tax return

• Identify the gross estate inclusion rules of Sections 2035 through 2038

• Recognize which types of expenses are properly reported as debts of the decedent on the estate tax return

• Estate tax computation
• Filing deadline
• Expansion and reunification of the applicable credit/exemption equivalent
• Valuation of estate assets
• Information needed to prepare the estate returns
• Calculation of gross estate
• Schedules
  – Schedule A—Real Estate
  – Schedule B—Stocks & Bonds
  – Schedule C—Mortgages, Notes & Cash
  – Schedule D—Life Insurance
  – Schedule E—Jointly Owned Property
  – Schedule F—Miscellaneous
  – Schedule G—Transfers During Decedent's Life
  – Schedule H—Powers of Appointment
  – Schedule I—Annuities
  – Schedule J—Funeral & Administrative Expenses
  – Schedule K—Debts of Decedent
  – Schedule L—Losses & Non-Claim Expenses
  – Schedule M—Marriage Deduction
  – Schedule O—Charitable Bequests