Gift & Estate Tax - Pt. 2
Author: Daniel Johnson
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This course provides a detailed overview of estate tax concepts, focusing on asset valuation, tax calculations, and reporting requirements. Participants will explore strategies for compliance, payment procedures, and the implications of adjusted basis rules for heirs and legatees.
Publication Date: September 2025
Topics Covered
- Overview of the Gift & Estate Tax System
- Determining the Gross Estate
- Deductions for the Adjusted Gross Estate
- Deductions from the Adjusted Gross Estate
- Calculating the Estate Tax Liability
- Paying & Reporting Estate Taxes
- Additional Considerations
Learning Objectives
- Explain the fundamentals of estate taxes and their application
- Determine the valuation of assets for estate tax purposes
- Explain how to calculate estate taxes owed based on current regulations
- Explain the process for paying and reporting estate taxes
- Explain the adjusted basis of inherited assets for heirs and legatees
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
