Overview:
Form 706 is a very difficult and misunderstood tax return that tax professionals prepare. In this problem-solving webinar based on true-to-life scenarios, you will:
- Discover the best techniques for preparing Form 706 (Federal Estate Tax Return)
- Be given the necessary information to prepare estate returns
- Receive an individual breakdown for each type of specific schedule
Objective:
To provide preparers with a working knowledge of applicable tax laws and the hands-on ability to prepare complete and accurate estate tax returns.
Emphasis:
- 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
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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