Form 706: Estate Tax Return Fundamentals
Sponsored by: Lorman Education Services
Americans have been able to accumulate wealth. It is estimated more than $10 trillion in wealth will be transferred over the next 15 years. If a person has been fortunate to amass significant wealth, the government imposes a tax when the person transfers their wealth at death. In 2009, if a person's gross estate plus adjusted taxable gifts equaled or exceeded $3.5 million in value, Form 706 must be filed. In this audio conference, you will learn the rules applicable to properly preparing and filing Form 706. The program will cover which assets are subject to tax, the available deductions and major elections. Each schedule required to be filed with Form 706 will be discussed. The audio conference will provide you with a working understanding of how the estate tax works and proper reporting. The audio conference will discuss the temporary repeal of the estate and generation-skipping taxes and how the carryover basis rules apply to people dying in 2010.
Application of the Estate Tax
Probate and Nonprobate Assets
Steps in Computing Estate Tax
Computing the Gross Estate
Assets Owned at Death
Probate Estate Schedules A, B, C and F
Life Insurance Schedule D
Joint Tenancy Schedule E
Powers of Appointment Schedule H
Annuities and Retirement Plans Schedule I
Retained Interests Schedule G
Deductions From Gross Estate
Funeral and Administrative Expenses Schedule J
Debts of Decedent Schedule K
Losses Schedule L
Marital Deduction Schedule M
Charitable Deduction Schedule O
Alternative Valuation Date
Special Use Valuation
Robert E. Barnhill III, Live Speakers, Inc.
Attorney, certified public accountant, personal financial specialist and certified financial planner with Live Speakers, Inc.
Practices in the estate and retirement planning areas, and has written several books covering these and related business areas
Adjunct professor at Texas Tech University in the personal financial planning department for more than 15 years
Conducted training sessions for various professional associations throughout the United States for more than 20 years
Maintained a private practice for more than 22 years
Holds the Toastmasters International Accredited Speakers designation for platform excellence and has been named by the AICPA as an Outstanding Discussion Leader
Past international president for Toastmasters International from 1996 to 1997; past president of the West Texas Chapter of the Financial Planning Association; and a member of the American Bar Association, the AICPA, the State Bar of Texas and the National Speakers Association
B.A., M.B.A. and J.D. degrees, Texas Tech University
Can be contacted at 806-794-1282 or firstname.lastname@example.org
CLE (Please check the "Detailed Credit Information" page for states that have already been approved)
Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Detailed Credit Information
Additional credit may be available upon request. Please call 1-866-352-9540 for more information. Only registered attendee will receive continuing education credit.
Who Should Attend:
This teleconference is primarily designed for attorneys. Other legal professionals may also benefit from attending.
Why a PDU Audio Conference Is Right For You:
Fast, convenient learning without any out-of-office time lost.
No travel-related expenses or complications.
The perfect way to train as many employees as you like.
Audio Conference Formats Explained
Audio Conference CD: $206.95 (includes S&H)
Length: 1 hour 30 minutes