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Introduction to the Estate Tax

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • TEP
  • CRTP
  • ChFC®
  • CSA
  • FSCP®
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CFP (US)

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
  • 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 Estate Planning for Certified Financial Planner (US) (Approval No. 299092)
  • 3 CE Credit for Wealth Management Certified Professional (WMCP)
  • 3 CPD Credit for Trust and Estate Practitioners (TEP)
  • CE Credit for Tax Professionals (Approval No. GEHNZ-T-00537-21-S)
  • 3 CE Credit for Retirement Income Certified Professional (RICP)
  • 3 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
  • 3 CE Credit for Financial Services Certified Professional (FSCP®)
  • 3 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 3 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0518)
  • 3 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 3 CE Credit for Certified Senior Advisor (CSA)
  • 3 CE Credit for Chartered Advisor in Senior Living (CASL)
  • 3 CE Credit for Chartered Financial Consultant (ChFC®)
  • 3 CE Credit for Chartered Special Needs Consultant (ChSNC)
  • 3 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00537-21-S)

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

FAQs content

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