Lifecycle Financial Planning - Estate Planning - Form 706 Basics

OL1472  |  On Demand Course  |  Update  |  Self-Study

Description

The estate tax return is very different from nearly every other IRS filing. It is filled with nuances and details that often elude the average practitioner. To make matters worse, clients who have to file a Form 706 are generally wealthy, so errors can be costly. In this course, we will discuss some basic tax strategies when filing Form 706. We will discuss deductions, key elections, and even delve into why a return may need to be filed even if the deceased was below the lifetime exemption amount!

Credits

Number of Credits Type of Credits
1.00 Taxes

Designed For

Tax practitioners and financial advisors who work with high-net-worth clients.

Objectives

  • Identify who needs to file a Form 706 Estate Tax Return.
  • State how to elect portability on Form 706.
  • Recognize basic deductions available on Form 706.

Prices

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$59.00
Non-Member (Early Bird)
$99.00
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$59.00
Non-Member
$99.00
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Instructors

David Peters

David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry.

David was the first-ever Chief Financial Officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and he was a recipient of Surgent's Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs and was a recipient of The American College of Financial Services' 2019 NextGen Financial Services Professional Award.

He holds four master's degrees and is currently pursuing his Ph.D. in financial planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Adviser. Carroll Financial and Cetera Advisor Networks, LLC are under separate ownership and are not affiliated with any other named entity.

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