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Date / Time / Location

Tuesday, October 22, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Learning Center105 Eisenhower Parkway, Suite 300
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 8.00 CPE Credits in TX

Package Pricing

In-Person Registration
  • $279.00 - Member
  • $379.00 - Non Member

Course Developer

Areas of Interest

Qualifies For

  • CFP
The estate tax and generation-skipping transfer tax have returned, and the gift tax is again unified with the estate tax. Changes in the transfer tax under new law are mirrored in the compliance requirements. Learn how to prepare Forms 706 and 709 in these circumstances.

Designed For

CPAs whose practice involves preparation of estate and gift tax returns.

Benefits

  • Complete an estate tax return (Form 706) and accompanying schedules
  • Identify elections on the estate tax as they relate to valuation and timing of payments
  • Complete a gift tax return (Form 709) and identify how the annual exclusion, gift-splitting, and certain transfers are properly scheduled

Highlights

  • Transfer tax reform: how enacted legislation affects estates of decedents dying in 2018 and gifts made in 2018
  • Gift tax return basics – Form 709
  • Special gift circumstances – annual exclusion, gift-splitting, gifts to minors, and gifts for educational and medical benefits
  • Overview of estate tax concepts
  • Estate tax audit issues– What triggers an audit & how to handle it
  • Trusts, wills, state laws, and how they affect Form 706
  • Filing Form 706 and preparation issues – Determining includable property; determining deductions from the gross estate; credits against federal estate tax; calculating the federal estate tax
  • Elections you need to know: alternate valuation, special-use valuation, deferred payments
  • State death taxes and how they affect the federal estate tax return
  • Comprehensive case study with filled-in forms
  • Portability – understanding and applying the new permanent feature
  • DSUEA – why Form 706 should be filed in smaller estates
  • Form 8971 – Understanding the new Form 8971

Course Level

Intermediate

Prerequisites

A basic course in estate planning.

Advance Preparation

None

Additional Notes

  • This seminar qualifies for CFP credit.
  • This seminar qualifies for IRS credit.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

Help Feed Those in Need
  • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.
Pre-Registration Closed

Online pre-registration for this event is now closed.

Scott Emerson

Scott Emerson, Enrolled Agent
Surgent Professional Education

Scott Emerson was a revenue agent for the Internal Revenue Service for 28 years. He has instructed both continuing professional education seminars and continuing legal education seminars for agents and attorneys with the IRS. He also has taught numerous IRS tax courses throughout his career. He incorporates real-life examples and historical perspective to interpret tax concepts. In 2015, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Prior to his retirement, Scott was the Trust Technical Advisor with the IRS for the last nine years. He has extensive experience with the interrelationships between trusts and related returns. He has been recognized as a trust expert in several district courts for both domestic and foreign trusts. He has been confirmed as a trust expert in two U.S. appeals court’s decisions. His background also includes working with Department of Justice and U.S. Attorney Offices throughout the country. Mr. Emerson is a graduate of Miami (Ohio) University, with a degree in accountancy.

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Pre-Registration Closed

Online pre-registration for this event is now closed.