Form 706 Preparation Part 3: Reporting Deductions WEBCAST

Overview

This course will cover the fundamentals of Form 706 and provide numerous examples of how to properly report deductions on the estate tax return, including marital and charitable deductions.

Highlights

How to report funeral and administrative expenses on Schedule J and/or L. How to report debts, mortgages and liens on Schedule K. Marital deduction and elections, QTIP, Reverse QTIP, QDOT, over-stated marital deductions. Charitable deduction Schedule O and potential problems.

Prerequisites

Basic knowledge of trust and estate planning terminology.

Designed For

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

Objectives

Determine the proper schedule for and reporting of deductions. Recognize protective and perfected refund claims with estate tax. Identify potential audit issues relative to deductions on 706.

Preparation

None.

Notice

None.