Introduction to the Estate Tax

  • Accountant
  • AFSP
  • CRTP
  • CFP (US)
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • MRTP
  • ERPA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Foundation Concepts
    3 mins
  • Portability Issues
    14 mins
  • Valuation Adjustments
    30 mins
  • Gift Tax
    49 mins
  • Qualified State Tuition Programs
    72 mins
  • Filing Requirements
    95 mins
  • Foundation Concepts: Taxable Trust Distributions
    129 mins
  • Foundation Concepts: Automatic GST Allocation Rules
    140 mins

Course Description

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 online CPE webinar:

  • the decedent’s final income tax return
  • income in respect of a decedent the workings of wills and trusts
  • the workings of wills and trusts
  • fiduciary accounting and how it relates to preparing the fiduciary income tax return
  • 1041 deductions
  • the income distribution deduction
  • tax computation and techniques to minimize taxes
  • tax treatment of beneficiaries
  • Gift tax planning
  • Marital deduction
  • GST planning opportunities
  • Lifetime exemption gifting
  • Leveraging gifts and GST exclusion allocations

Click for more webinars on Tax Updates | Tax Planning | Retirement Planning etc

Learning Objectives

  • 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 the Form 1041
  • To discuss valuation adjustments
  • To discuss various estate tax deductions

Recommended For

This online CPE webinar is recommended for CPAs and other tax professionals engaged in estate tax planning and return filing

Who Should Attend?

  • California Registered Tax Professional
  • Certified Public Accountant (CPA)
  • Certified Senior Advisor
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Financial Planner
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Private Wealth Advisor
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros

Course Qualification

Webinar Qualifies For

  • 3 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00537-21-S)
  • 3 CPE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
  • 3 CPE Credit of Taxes for Chartered Financial Consultant (ChFC)
  • 3 CPE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
  • 3 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
  • 3 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 3 CE Credit for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0518)
  • 3 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 3 CPE Credit of Taxes for Financial Services Certified Professional (FSCP)
  • 3 CPD Credit for Personal Financial Specialist (PFS)
  • 3 CPE Credit of Taxes for Retirement Income Certified Professional (RICP)
  • 3 CPD Credit for Trust and Estate Practitioners (TEP)
  • 3 CPE Credit of Taxes for Wealth Management Certified Professional (WMCP)
  • 3 CE Credit of Estate Planning for Certified Financial Planner (US) (Approval No. 299092)
  • 3 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00537-21-S)
  • 3 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00537-21-S)
  • 3 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 3 CE Credit for Certified Wealth Strategist (CWS)
  • 3 General Credit for Accountant/Bookeeper
  • 3 CE Credit of Qualified Retirement Plan Matters for Enrolled Retirement Plan Agent (Approval No. GEHNZ-Q-00743-21-S)
  • 3 PL Credit for Certificate In Investment Performance Measurement (CIPM)

Additional details

  • Course Level :
    Basic
  • Credits :
    3
  • Instructional Method :
    QAS Self Study
  • 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 maintenance 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 through its website: www.NASBARegistry.org.

CTEC APPROVED

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

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Robert Keebler, CPA (US), CGMA, CPA/PFS, AEP

Partner, Keebler & Associates LLP

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression”. He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute.


About Company

Keebler & Associates LLP

www.keeblerandassociates.com

At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.

Faq

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Ratings and Review

4.4

33 Ratings

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4

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SLW

Siu Lung Wu, AFSP, EA

Jun 3rd, 2022

good

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