Description:
Estate Tax Planning examines the various aspects of planning for the estate tax liability. The course begins with a discussion of the genesis of estate taxation in English common law and continues with an examination of the estate and its administration.

The subjects discussed in the course are a) the estate and its administration, b) federal gift and estate taxes, c) common estate planning trusts, d) calculating federal estate taxes, e) state inheritance and estate taxation, and f) estate tax payment. The text serves as an introduction to the issues of estate settlement and includes a discussion of the probate estate and the federal gross estate.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Author: Paul Winn

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 02/25/2021

Technical Details: Taxes: Technical

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Objectives:
Chapter 1 - The Estate and Its Administration
1. Identify the components of a decedent's probate estate;
2. Identify the assets that comprise a decedent's federal gross estate.

Chapter 2 - Federal Gift and Estate Taxes
1. Recognize how the current annual gift tax exclusion permits the tax-free transfer of property ownership;
2. Identify the deductions allowed in calculating the federal estate tax liability.

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NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-T-00231-21-S

Profession Identifiers : CPA, EA