Federal Estate and Gift Tax Return Boot Camp

Oct 31
8:00 - 4:00 p.m.

Penn State Great Valley - Main Bldg
Malvern - Map

8-Tax
CPE Credits

Complete an estate tax return (Form 706) and accompanying schedule. Pinpoint elections on the estate tax as they relate to valuation and timing of payments. Complete a gift tax return (Form 709), and understand how the annual exclusion, gift-splitting, and certain transfers are properly scheduled.
Highlights

Transfer tax reform: how enacted legislation affects estates of decedents dying in 2018 and gifts made in 2018
Form 709
Overview of estate tax concepts
Trusts, wills, state laws, and how they affect Form 706
Preparing Form 706: determining includable property; determining deductions from the gross estate; credits against federal estate tax; calculating the federal estate tax
Filing Form 706: where and when to file, how much to pay, and how to claim a refund
Alternate valuation, special-use valuation, deferred payments elections
State death taxes: how they now affect the federal estate tax return
Portability: understanding and applying the new permanent feature
The new Form 8971