US Tax law requires citizens with gross estates of $3.5 million or more to file a form 706. While the use of the form is fairly straight forward it could also be used it as a tax planning device. People who are not required to file it may want to do so to lock in the date of death fair market values of the estate assets. This would make it easier for the beneficiary inheriting the estate to settle after the non surviving spouse dies. Recently, there have been issues surrounding valuation discounts of assets, foreign accounts, private annuity, and portability. As the IRS releases Form 706 for deaths after 1/1/2009, what would be the future scenarios brought about by new changes?

During this webcast we will cover the critical issues relating to form 706 and how other issues relate: Federal gift taxes, AB trusts, Calculating Federal Estate Tax Liabilities, and all the ins and outs of filling the forms. This program, produced by The Knowledge Group, is a must attend event for CPAs who are involved in estate planning issues

Course Level: Intermediate Prerequisite: None Method Of Presentation: Group-Based-Internet Developer: The Knowledge Conference Recommended CLE/CPE Hours: 1.75 - 2.0 (Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.) Advance Preparation: Print and review course materials Course Code: 093933 Course Fee: $199 - $299 NASBA Sponsor Number: 109004