Preparing Form 709 - Line-by-Line
Tuesday, January 15, 2019
Tax compliance issues at death are sometimes confusing to practitioners because many lack experience in this area. This course provides you with a practical understanding of the issues involved in preparing the federal estate tax return, Form 706; the federal gift tax return, Form 709; and the decedent’s final federal income tax return, Form 1040.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to firstname.lastname@example.org.
* Identify the major components of Form 709
* Identify compliance issues
* Recognize the importance of the information items and questions on Form 709
* Understand proper asset valuation compliance
* Understand split gift compliance
* Understand tax calculation
*How to prepare a federal gift tax return (Form 709)
* How to comply with “Portability”
* Issues involved in the preparation of the decedent’s final federal income tax return
* Various postmortem estate planning issues involved in the preparation of the
above-mentioned tax returns
* Complete understanding of estate and gift taxation