Preparation of State Level Estate Tax Returns

Author: Klaralee R. Charlton

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 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

In addition to federal estate tax liability, nineteen states impose some form of estate or inheritance tax. Clients residing in these states or simply owning property in these states may have to file a state level estate tax return even if their gross estate is far less than the federal estate tax exemption. This course will familiarize practitioners with the various taxing methods in states assessing state level estate and inheritance tax and demonstrate the typical calculations required for accurate preparation of these state level returns. Attendees should have a general familiarity with gift and estate tax.

Publication Date: June 2023

Designed For
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

• Review of Federal Estate Tax
• History of State Level Estate Tax
• Survey of State Level Estate Tax
• Survey of State Level Inheritance Tax
• States and Portability
• Return Preparation and Planning

Learning Objectives

• Describe the state level estate and inheritance tax methods applied in the nineteens states which assess such tax against residents and property owners
• Identify the differences in the calculation of state based estate tax in comparison to federal estate tax
• Identify estates subject to state level estate or inheritance tax reporting
• Recognize and analyze the proper reporting techniques for clients' estates subject to state level estate tax
• Identify how to recommend opportunities to minimize tax for clients subject to state level estate tax

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of state level estate tax returns.

Advance Preparation
None