Form 706 Preparation Part 1: Overview Including Portability WEBCAST

Overview

This course will cover basic form preparation of Form 706 and help participants develop a solid foundation in preparing the federal estate tax return. This course will cover running the engagement, administration issues and completion of pages 1-4 of the form, including portability election.

Highlights

Action steps in 706 preparation engagement. Filing requirements, new forms, IRS return review procedures, closing letters. Obtaining transcripts and previously filed returns. Completing introductory pages 1-4.

Prerequisites

Basic knowledge of trust and estate planning terminology.

Designed For

CPAs, attorneys, bankers, enrolled agents, and professional staff.

Objectives

Determine how to prepare pages 1-4 of the Form 706. Recognize the benefits of the team approach with the client’s advisors to reduce risk. Identify how to present returns to minimize audit risk.

Preparation

None.

Notice

None.