2013-2014 Estates, Trusts & Beneficiaries Federal Tax Update (Currently Unavailable)

Author: Vern H.

Vern discusses the current Tax Codes, cases and rules affecting gift, estate and trust taxation including the proper use of portability and the top estate tax planning ideas for 2013.

Follow along with Vern's comprehensive PDF manual containing hyperlinks to important rules and regs, included with purchase.

Publication Date: November 2013

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Examining how the new estate and gift tax rules have been made permanent, and by how much the estate and gift tax rates have increased in 2013
• Studying the new 3.8% Medicare tax on estate or trust's net investment income, and how to avoid it entirely
• Introducing the newly revised estate tax return Form 706, a unique form used for estates of decedents who die in calendar year 2013 only
• Moving on to the estate issue of the decade: the proper use of portability, which is the unused exclusion amount of a predeceased spouse
• Reviewing the top estate tax planning ideas for 2013
• Discussing family limited partnership planning and current cases
• Analyzing wealth transfer and succession planning alternatives
• Reviewing how low asset values and low applicable Federal interest rates impact estate tax planning
• And closing with a number of miscellaneous estate and trust items

Learning Objectives

• Recognize key tax changes effective in 2012, affecting the taxation of estates, trusts and beneficiaries.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None