Form 706: Estate Tax Return Fundamentals

CD & Manual
  389268TMX $199.00 USD Add to Cart
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 91 Min. Audio MP3 - No shipping cost
   389268POD $199.00 USD Add to Cart
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Benefits

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 2011, if a person's gross estate plus adjusted taxable gifts equaled or exceeded $5 million in value, Form 706 must be filed. In this live 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 changes added by the 2010 Tax Act and how these changes affect planning to reduce future transfer taxes.


Agenda

Overview
  • Application of the Estate Tax
  • Probate and Nonprobate Assets
  • Steps in Computing Estate Tax
  • Filing Requirements
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
  • Three-Year Rule
  • Valuation Issues
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
Elections
  • Alternative Valuation Date
  • Special Use Valuation
  • Installment Payments

Faculty

Robert E. Barnhill III, Live Speakers, Inc.


Robert E. Barnhill III
  • 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
  • Former international president for Toastmasters International from 1996 to 1997, former 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
  • J.D., M.B.A. and B.A. degrees, Texas Tech University
  • Can be contacted at 806-794-1282 or rebiii@att.net




These Materials are Designed For

This live audio conference is designed for estate planners, accountants, attorneys, presidents, vice presidents, CPAs, controllers, business owners and managers, tax managers, financial planners and enrolled agents.

CD & Manual - CD Set with bound 12 page manual
Podcast - 91 Minute MP3 with 12 page electronic manual - Immediate Access and No Shipping Cost