myCPE
myCPE

Introduction to the Estate Tax 2 Credits

Dec 20, 2024, 10:00 AM ET

Introduction to the Estate Tax 2 Credits

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Dec 20, 2024, 10:00 AM ET

Learning Objective

  • To prepare a decedent’s final income tax return.
  • To discuss Wills and Trusts and describe how they work.
  • To discuss fiduciary accounting and how it relates to Form 1041.
  • To discuss valuation adjustments.
  • To discuss various estate tax deductions.

Course Overview

An estate tax is a levy on estates whose value exceeds an exclusion limit set by law. Only the amount that exceeds that minimum threshold is subject to tax. Assessed by the federal government and about a dozen state governments, these levies are calculated based on the estate's fair market value (FMV) rather than what the deceased originally paid for its assets. The tax is levied by the state in which the deceased person was living at the time of their death.

President Theodore Roosevelt argued for the estate tax to Congress in 1906: “the inheritance of those swollen fortunes which it is the certainty of no benefit to this country to perpetuate”

The typical objection to the estate tax is that it destroys productive capital investments (discourages investment).

The estate tax is imposed on the decedent and is paid from the decedent’s estate.

In this online CPE webinar, the speaker will discuss estate tax from its foundation concepts to proposed reforms.

This webinar will also focus on basic tax concepts of gifts or gratuitous transfer between individuals; when a Form 709 Gift Tax Return must be filed; and review of a sample gift tax return from a preparation and review standpoint; and times when gifts are reported on a decedent’s estate return

Key topics covered in this Tax webinar:

  • Executor Checklist: Information gathering and assets to collect and administer
  • Final 1040 Overview: Estate/trust and final return interplay
  • 1041 Overview: General rules for estate income taxation and distributions
  • 709 Overview: Basics of gift tax and filing requirements
  • 706 Overview & forms: Statutory overview and foundation concepts

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Michael Miranda
Michael Miranda

Owner, MIRANDA CPA & Consulting LLC

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Bringing 47 years of experience with tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD.  His tax practice focuses on corporate, individual, estate and gift, and tax accounting.  He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans.  As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings and exempt organization determination letters for clients, in addition to numerous EPCRS submissions and audits.  As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.  

Michael spent much of his career as a CPA with a regional CPA firm located in Northwestern Iowa, retiring after 27 years as a senior manager-shareholder with said firm.  Prior to this experience, he was a Tax Specialist with a Big 8 accounting firm in their South Bend and Minneapolis offices, providing tax and estate planning for individuals and small to medium-sized businesses.  He has earned professional designations including CPA, QKA, and AEP and through professional memberships with the American Institute of Certified Public Accountants (AICPA), the American Society of Pension and Professional Actuaries (ASPPA), National Association of Enrolled Agents (NAEA), and the National Association of Estate Planning Councils (NAEPC).  Michael resides in Sioux Falls, SD with his wife Jeanette.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

out of 5

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

JL

Joann Lewinski, CPA (US)

There are quite a few selections of courses and the unlimited price is great. The courses are easy to select and the reminders for upcoming webinars are helpful. I also like the variety of credit hours from short webinars to longer ones. And thank you for the one credit one meal program. The presenter had great knowledge of the material and did a wonderful job explaining it.

Shoaib Ahmed
Shoaib Ahmed, CPA (US)

Instructor was very knowledgeable and explain each topic in great detail. Wish power point were more inclusive of notes and every key point that he discusses during the presentation. You really have to be taking notes on your own. Only power point slides won't help

Recommended Courses

Fraud Technical Advisors: An End-Run Around the Case of Tweel?

Dec 12, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA/CFF
  • CFE
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
QuickBooks Online Payroll Tax: Simplified and Efficient

Dec 12, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Converting IRAs to Indexed Universal Life Pros and Cons

Dec 12, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
IRC Section 121 and the Primary Residence

Dec 12, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Federal Tax Update – Individual & Business Current Developments

Dec 12, 11:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs

Dec 12, 11:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CLU
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
  • CAP
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Tareq purchased a subscription.
Subscribed
Vivian purchased a subscription.
Subscribed
EMEKA purchased a subscription.
Subscribed
Dana purchased a subscription.
Subscribed
THAO purchased a subscription.
Subscribed
Shirak purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
PAUL purchased a subscription.
Subscribed
Sabrina purchased a subscription.
Subscribed
Emily purchased a subscription.
Subscribed
Katherine purchased a subscription.
Subscribed
russell purchased a subscription.
Subscribed
JOHN purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Mirco purchased a subscription.
Subscribed
George Robert Grant purchased a subscription.
Subscribed
Rohit purchased a subscription.
Subscribed
Saleh purchased a subscription.
Subscribed
Grant purchased a subscription.
Subscribed
AUDRY purchased a subscription.
Subscribed
Rory purchased a subscription.
Subscribed
Katherine purchased a subscription.
Subscribed
Stacey purchased a subscription.
Subscribed
Jo Ann purchased a subscription.
Subscribed
Daryl purchased a subscription.
Subscribed
Steven purchased a subscription.
Subscribed
Gerald purchased a subscription.
Subscribed
CHRIS purchased a subscription.
Subscribed
RUSSELL purchased a subscription.
Subscribed
Richard Poston purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
Daniel purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
molina purchased a subscription.
Subscribed
Laurence purchased a subscription.
Subscribed
Deividas purchased a subscription.
Subscribed
Kenneth purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Anthony purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Kristen purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Deniz purchased a subscription.
Subscribed
Mary Ann purchased a subscription.
Subscribed
Lucinda purchased a subscription.
Subscribed
Samantha purchased a subscription.
Subscribed
kyong purchased a subscription.
Subscribed
Joanna purchased a subscription.
Subscribed
Marnice purchased a subscription.
Subscribed
Jose purchased a subscription.
Subscribed
Kristen purchased a subscription.
Subscribed
Hyun purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Alison purchased a subscription.
Subscribed
Jerry purchased a subscription.
Subscribed
Kimberly purchased a subscription.
Subscribed
JO purchased a subscription.
Subscribed
WALTER purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Dennis purchased a subscription.
Subscribed
stephen purchased a subscription.
Subscribed
Jack purchased a subscription.
Subscribed
CRYSTAL purchased a subscription.
Subscribed
Lilia purchased a subscription.
Subscribed
Susan purchased a subscription.
Subscribed
Lucas purchased a subscription.
Subscribed
Woody purchased a subscription.
Subscribed
Vanessa purchased a subscription.
Subscribed
Eric purchased a subscription.
Subscribed
Rani purchased a subscription.
Subscribed
Jennifer Erin Cameron purchased a subscription.
Subscribed
Tina purchased a subscription.
Subscribed
Sandra purchased a subscription.
Subscribed
Jaclynne purchased a subscription.
Subscribed
JANKI purchased a subscription.
Subscribed
Cassandra purchased a subscription.
Subscribed
Zheng purchased a subscription.
Subscribed
Mackenzie purchased a subscription.
Subscribed
Kelly purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Arlene purchased a subscription.
Subscribed
Traci purchased a subscription.
Subscribed
Leo purchased a subscription.
Subscribed
Bryan purchased a subscription.
Subscribed
ILONA purchased a subscription.
Subscribed
Ankit purchased a subscription.
Subscribed
Matt purchased a subscription.
Subscribed
Ricky purchased a subscription.
Subscribed
Weiyue purchased a subscription.
Subscribed
Teresa purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Alejandro purchased a subscription.
Subscribed
Apoorva purchased a subscription.
Subscribed
deepika purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Monica purchased a subscription.
Subscribed
Song purchased a subscription.
Subscribed
Carleigh purchased a subscription.
Subscribed
Jennifer purchased a subscription.