Form 706 Preparation Part 4: GST Schedule R, Form 8971, Payments & Credits WEBCAST

Overview

In course, we will cover GST allocations on Schedule R, Foreign Death Tax credit, Prior Transfer credit, Qualified Conservation Easements and making the 6166 election for estate tax payment or considering a Graegin or other loan to pay the estate tax.

Highlights

Generation-skipping transfer tax, Schedule R, including election statements and integration with the marital deduction. Foreign death tax credit, Schedule P and prior transfer credit, Schedule Q. Qualified conservation easements, Schedule U. Making Sec. 6166 election and using Graegin loans.

Prerequisites

Intermediate knowledge of Form 706.

Designed For

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

Objectives

Determine the proper reporting for Schedules P-R. Recognize the usefulness of the 6166 election in providing liquidity for estate tax payments. Identify terms and provisions in will and living trusts that impact GST exemption allocations.

Preparation

None.

Notice

None.