Estate taxes are one of the taxes covered by the IRS’s unified transfer tax system. Estate taxes are designed to collect taxes from transferring property at death. Proper planning can save a substantial amount of money in taxes. This course is the second part of a two-part series that will discuss Calculating the gross estate of the decedent. This part will discuss concepts such as important estate items, gifts, valuing the gross estate, marital transfers, and portability.
By the end of this webinar, students will be able to:
- Calculate the gross estate of a decedent,
- Recognize the various deductions and credits available when calculating the gross estate of a decedent,
- Recognize the benefits of electing portability and calculating portability exemption amounts, and
- Describe the purpose of Generation Skipping Transfers and the Generation Skipping Transfer Tax according to the IRC.
CPE Credit: 2 CPE Credits for CPAs and EAs
Instructional Method: Group Internet Based
NASBA Field of Study: Taxes
Program Prerequisites: None
Advanced Preparation: None
Revision Date: April 6, 2021