The Form 706 (the federal estate and generation-skipping transfer tax form) has become a major source of liability claims against accountants, despite the fact that there are fewer estate tax returns being filed, or perhaps because of that fact. It may also be the most significant tax return that many practitioners will prepare. This 50-minute program will highlight key practice pointers, key practical alerts for avoiding problems, enhance your preparation practice steps, address practicalities with portability elections, reduce audit risks and help you to prepare a more effective return for your clients. This is a condensed highlight program taught by a nationally-known expert on Form 706 who has taught professionals since 1985, including teaching with IRS personnel since 1997.
Learning Objectives:
Keith Schiller, Esq., of Schiller Law , a PLC, is the author of the award-winning textbook, Art of the Estate Tax Return, which combined with the 2020 supplement includes greater than 1000 pages of practical pointers on how to prepare estate tax returns for the best results for your clients. He is a practicing attorney with focus on major estate and gift planning, assisting professionals with the review of Forms 706 and 709, audits and appeals of these forms, action steps and ruling request applications when relief is needed, and business succession planning. He brings over 47 years' practical experience with a dedication assisting tax practitioners. Keith teaches and writes articles and texts under the tradename "Estate Planning at the Movies." He uses motion picture references where apt to make easier the recollection of complex tax issues. He has authored dozens of nationally published articles on federal estate, GST and gift tax practice and presented nationally for decades to tax professionals. Keith has authored 11 full-day courses for the California CPA Education Foundation since 1987, twice receiving the award for outstanding course materials. He is a member of the Bloomberg, BNA Tax Management's Advisory Board for the Estates, Gifts and Trusts Journal and a member of the Advisory Board for Leimberg Information Services. Keith is also a Certified Specialist in Estate Planning, Probate and Trust Law and Taxation Law by the California State Bar. From another passion, Keith was the chairman of the Yosemite License Plate Committee for which he lobbied passage and chair the marketing for the issuance and sale of California's special-interests license plate featuring a Yosemite scene that has raised in excess of $44 million for the preservation of Yosemite National Park and California conservation.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222
CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222