2019 Estate & Gift Planning Update

Author: Bradley Burnett

CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC

What Do We Do Now? Or Do We Do Nothing and Die? But, Do We Have To Change What We Did Before?

Do existing estate plans hit the target or miss the boat now and later? A recent study indicates only 3% of current estate plans in America currently hit the mark appropriately in light of recent estate and gift tax law developments. This course helps you to focus on and hit the mark. Join expert, Bradley Burnett, J.D., LL.M., as he walks you through relevant recent estate and gift tax law developments and their impact on planning. This course takes a hard hitting, thorough look at recent developments affecting estate and gift planning.

Publication Date: February 2019

Designed For
CPAs, tax practitioners, and other interested persons desiring an update as to recent important estate and gift tax developments and to know how to best proceed given the current environment.

Topics Covered

  • Tax Cuts Jobs Act — Transfer Taxes
  • TCJA ‐ Estate and Gift Tax Exclusions
  • Estate Planning Practice Trends
  • IRS Review of Estate and Gift Returns
  • Returns Filed / Audit Stats
  • IRS Appeals
  • Hot Issues on IRS' Radar Screen
  • Estate Tax Stats
  • 2018 Inflation Indexed Amounts
  • Gift Tax Exclusions
  • Gifting Under TCJA
  • Income Tax Is the New Estate Tax
  • IRS Examination of Estate and Gift Tax Returns
  • Gift Tax Adequate Disclosure
  • Gift Tax Returns and 529 Plans
  • Valuation for Gift Tax Purposes
  • §2053 Gifts Within Three Years of Death
  • Estate Plans
  • Intestate Estate Plans in America
  • Estate Planning After TCJA
  • Plan with Audacity/Execute with Vigor
  • Estate Planning Under TCJA —Review Formula Clauses
  • Portability vs. Credit Shelter Trust
  • Estate Planning with IDGTs
  • Transfer Tax Legislative Outlook
  • State Estate Taxes
  • Generation Skipping Tax Under TCJA
  • Generation Skipping Transfer Tax (GSTT)
  • TCJA — Split Interest Planning
  • TCJA — Review Life Insurance Policies
  • Income Taxation of Estates and Trusts
  • Capital Gains* Rates (Non‐ C Corp)
  • Income Distribution Planning
  • Capital Gains* Rates (Non‐ C Corp)
  • Kiddie Tax— Higher or Lower Under TCJA?
  • NIIT — Investment by Parent vs. Child
  • Unbundling for Estates and Trusts
  • 2% Floor and Estates or Trusts
  • Deductions (for Excess Losses) on Termination of Estate or Trust
  • Income Tax Deduction for Estate Tax on Income in Respect of a Decedent
  • Material Participation by Trusts
  • Regulations
  • Closing Letters
  • IRS Transcripts in Lieu of Closing Letters
  • Private Delivery Services
  • Change of Business Address or Responsible Party
  • Electronic Wills
  • Elder Abuse — Financial — Red Flags
  • Retained Interests
  • Self Cancelling Installment Notes (SCINs)
  • Convert NonGrantor Trust to Grantor Trust
  • Art Valuation
  • Marital Deduction
  • Portability
  • Portability vs. Credit Shelter Trust
  • Discharge of Estate Tax Liens
  • Collection of Estate Tax

Learning Objectives

  • Identify recent estate and gift tax law developments and the impact on planning
  • Recognize recent developments affecting estate and gift planning
  • Identify the annual gift tax rates for 2019
  • Differentiate correct statements regarding transfer taxes as a result of TCJA
  • Describe estate planning trends
  • Recognize audit statistics regarding Forms 706 and 709
  • Identity the top 10 hot issues on the IRS's radar screen
  • Recognize the percentage of American adults have created their own written estate plan
  • Describe correct statements regarding state estate taxes
  • Identify a type of transfer tax imposed on beneficiaries who are two or more generations removed from the transferor
  • Identify the 2018-2025 capital gains rate for amounts in excess of $479,000 for taxpayers married filing jointly
  • Recognize correct statements with respect to the kiddie tax under the TCJA
  • Identify the first state to allow electronic wills
  • Recognize court cases involving self-cancelling installment notes (SCIN) found that the SCIN is not recognized as bona fide debt transaction
  • Describe the number one audit issue, based on the IRS review of estate and gift returns
  • Describe the process of splitting a gift between a taxable person and a charity by means of a trust
  • Identify the 2018-2015 amount estate/trust will pay 20% on capital gains for
  • Recognize considerations for unbundling allocation factors
  • Describe which form you should complete and mail which of the following forms to notify the IRS of a business address or responsible party change
  • Identify the major complicating factor with respect to estate planning and impacts from the TCJA


Instructional Method

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of estate and gift taxation.

Advance Preparation

Registration Options
Regular Fee $77.00

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