2012-2013 Estates, Trusts & Beneficiaries Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current Tax Codes, cases and rules affecting gift, estate and trust taxation.

Follow along with Vern's 44 page manual containing hyperlinks to important rules and regs, included with purchase.

Course Sponsor:Vern Hoven Tax Seminars:
NASBA Sponsor Number: 108250/QAS Sponsor Number: 041

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Examining how the new estate and gift tax rules have been completely revised for 2012, and then scheduled to be changed again in 2013
• Introducing how the estate tax return Form 706 has been revised — and it is to be used for estates of decedents who die in calendar year 2012 onl
• Moving on to the estate issue of the decade: the proper use of portability, which is the unused exclusion amount of a predeceased spouse.
• Talking about the potential "clawback" for gifts made in 2011 and 2012 for decedents dying in 2013 and thereafter because prior gifts must be recalculated at the rate in effect at the decedent's date of death.
• Researching the top estate tax planning ideas for 2012.
• Discussing family limited partnership planning and current good fact, bad fact cases.
• Analyzing wealth transfer and succession planning alternatives.
• Reviewing how the low asset values and low applicable Federal interest rates impact estate tax planning.
• And closing with a number of miscellaneous estate and trust items

Learning Objectives

• Recognize key tax changes effective in 2012, affecting the taxation of estates, trusts and beneficiaries.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None