Slide Deck

28 Slides available anytime
  • 28 Slides

Form 706: Estate Tax Return Fundamentals

 

Stay up-to-date on when and how to file Form 706, and learn how to reduce future transfer taxes for your clients.

While the federal estate tax exclusion is currently high (over $12M), it is scheduled to decrease on January 1, 2026. Many estates are still required to file an IRS Form 706 (either because it is a taxable estate or it is a first death and you want to preserve portability for the surviving spouse), and many more will be required to file beginning in 2026. There are many pitfalls that even the most skilled and experienced practitioner falls into and common mistakes that befall us all. This presentation will help practitioners who prepare and file IRS Form 706s understand and recognize such common pitfalls and mistakes in order to submit an accurate IRS 706. We will review a simplified 706 and a full 706 to discuss the differences and which form is better suited for your client.

Agenda

Faculty

Mark R. Shepherd

Mark R. Shepherd

Crist Biorn Shepherd Roskoph

  • Shareholder with the law firm of Crist, Biorn, Shepherd & Roskoph
  • Clients include wealthy individuals, C and S corporations, limited liability companies, partnerships, and family foundations
  • Provides tax opinions and tax dispute resolution
  • Achieved the highest rating with Martindale-Hubbell Law Directory
  • Lectures and teaches frequently in the areas of taxation and estate planning
  • Wrote '2036(c)Alert' published in the Fall 1989 issue of the Golden Gate University Tax Exchange and co-wrote Estate Planning for Farmers and Ranchers, University of California Publication 21515, 1993
  • J.D. degree, with honors, and LL.M. degree, Golden Gate University School of Law; B.A. degree, magna cum laude, San Francisco State University
  • Can be contacted at 650-321-5005 or [email protected]
No photo available

Kristin R. Wu

Crist Biorn Shepherd Roskoph

  • Associate with the law firm of Crist, Biorn, Shepherd & Roskoph
  • Advises clients of both modest estates to high-net-worth clients on areas related to their estate and business with an emphasis on establishing trusts, limited liability companies, partnerships, and family limited partnerships
  • Practice includes settling decedents’ estate ranging from administering trusts and filing estates with the court for probate, preparing and filing estate and gift tax returns, and providing resolutions to disputes between beneficiaries and trustees
  • Member of Santa Clara County Estate Planning Council, Silicon Valley Bar Association, and Palo Alto Area Bar Association
  • J.D. degree, Albany Law School of Union University; B.A. degree, Hofstra University
  • Can be contacted at (650) 321-5005 or [email protected]

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