The Preparation of Forms 706 and 709 - Understanding the Law

Overview

A solid understanding of the laws governing estate and gift taxation is essential for tax professionals handling Forms 706 and 709. This course provides an in-depth analysis of the legal framework surrounding estate and gift taxes, including key regulations, IRS guidance, and court rulings. Participants will explore how estate and
gift tax rules interact, learn strategies for minimizing tax liabilities, and gain insight into compliance challenges. The course will also provide a thorough review of any new legislative changes introduced by the current administration and their implications for estate and gift tax planning.

*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Highlights

Legal framework of estate and gift taxation
IRS regulations and compliance requirements
Portability, lifetime exemption, and tax minimization strategies
Case law and IRS rulings affecting estate and gift tax planning
Postmortem estate planning considerations
Common legal pitfalls and how to avoid them
Legislative updates and policy changes from the new administration

Prerequisites

None

Designed For

CPAs, EAs, and tax professionals

Objectives

Legal framework of estate and gift taxation
IRS regulations and compliance requirements
Portability, lifetime exemption, and tax minimization strategies
Case law and IRS rulings affecting estate and gift tax planning
Postmortem estate planning considerations
Common legal pitfalls and how to avoid them
Legislative updates and policy changes from the new administration