Webcast: Form 706 Preparation Part 3: Reporting Deductions 26-27

Overview

This section of the four-part series 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. Form 706 Series: Part 1: Overview Including Portability Part 2: Reporting Assets Part 3: Reporting Deductions Part 4: GST Schedule R, Form 8971, Payments & Credits

Highlights

How to Identify a Complex Trust and the Complications that Arise with Complex Trusts The Importance of Recognizing the Tier System used by Complex Trusts The Advantages and Requirements of the 65-day Rule Special Issues Related to the Charitable Contribution Deduction Use of a Checklist for Complex Trusts

Prerequisites

Completion of Form 706 Preparation Parts 1 and 2

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