Estate tax compliance is one of the most technically demanding areas of federal taxation, requiring practitioners to understand complex reporting requirements, valuation methodologies, portability elections, and estate planning opportunities. Proper preparation of Form 706 is essential for preserving valuable tax benefits while ensuring compliance with evolving IRS regulations.
This webinar is designed to provide tax professionals with a practical understanding of Form 706 preparation, estate tax reporting requirements, and strategic planning considerations for middle- and high-net-worth clients. Participants will gain insight into the structure of the federal estate tax system, the various schedules within Form 706, and the procedural requirements associated with timely and accurate filing.
The session will also explore portability elections, Deceased Spousal Unused Exclusion (DSUE), special valuation rules, qualified appraisals, GST reporting principles, and post-mortem estate planning opportunities that can significantly reduce estate tax exposure.
Through practical examples, sample tax returns, and compliance-focused instruction, attendees will strengthen their ability to prepare Form 706 accurately, evaluate estate tax planning opportunities, and confidently advise clients during estate administration and succession planning.
IRS CPE Credits: 2.0 TAX
Location: Virtual / Online
Delivery Method: Group Internet-Based
IRS Course ID: DFFSC
Attendance Requirement: Yes
Session Duration: 120 Minutes
Includes: Case Studies, Practical Examples, and Live Q&A with the Presenter
Reference Materials: PowerPoint Presentation Included
Overview of the federal estate tax system and statutory framework
Understanding the structure and purpose of Form 706
Review of Form 706 schedules and reporting requirements
Navigating the Form 706 preparation process
Current IRS filing procedures and compliance requirements
Understanding Deceased Spousal Unused Exclusion (DSUE)
Portability election requirements and filing procedures
Timely and late portability election considerations
Special estate valuation rules available under federal tax law
Qualified appraisal requirements and valuation standards
Reviewing appraisal methodologies and valuation discounts
Generation-Skipping Transfer (GST) tax fundamentals
GST reporting principles and practical examples
Review of a sample Form 706 with a DSUE election
Important elections available within Form 706
Estate tax planning opportunities following a decedent's death
Estate planning strategies under the OBBB Act
Common Form 706 preparation mistakes and compliance risks
Documentation and recordkeeping best practices
Strategies for minimizing estate tax liabilities for high-net-worth clients
Practical case studies and real-world estate tax planning examples
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Tax Attorneys
Estate Planning Attorneys
Tax Preparers and Tax Advisors
Financial Planners and Wealth Advisors
Trust Officers and Fiduciary Professionals
Accounting Professionals serving high-net-worth clients
Business Owners involved in estate and succession planning
Professionals responsible for estate tax compliance and Form 706 preparation
Anyone seeking practical guidance on federal estate tax planning and Form 706 reporting
LIVE means you can attend the class in real time on the scheduled date and time.
The link to join the class will be shared with you 30 minutes to 1 hour before the class begins.
On-Demand means you can watch the recorded class at your convenience.
The link to access the class will be shared 48 hours after the commencement date of the live class.
You can let us know your preferred date to receive the link.
Note: Once the link is shared, you can access the class for three (3) days.
Web Download allows you to download the class recording for offline viewing.
The download link will be shared with you within 48 working hours after the commencement of the class.
An e-Transcript is a written text version of the entire class session.
It is useful for note-taking, revision, and quick reference.
The e-Transcript download link will be shared within 48 working hours after the commencement of the class.
This option includes: