Estate Taxes for 2020

  • Credits: 6
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Law
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  • Author/Speaker: Andrew Clark
Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01582-20-S | 6233-CE-0309 None Intermediate
Published Date: Program Prerequisites: Other Course Formats:
© February 2020 General Understanding of Taxes and Estate Concepts Self-Study eBook
COURSE DESCRIPTION

Estate taxes are one of the taxes covered by the IRS’s unified transfer tax system. Estate taxes are designed to collect taxes from transferring property at death. Proper planning can save a substantial amount of money in taxes.

Topics include:
  • This course will discuss estate planning and estate taxes.
  • This course will describe the tools that are available for estate planning and will define the benefits of using each tool.
  • This course will describe how to identify what is included in the gross estate and demonstrate how to calculate the gross estate amounts.
  • This course has been updated to reflect all current changes to tax law and amounts for 2020.

Learning Objectives:

After reading the course material, you will be able to:

  • Describe estate taxes and the purpose of estate taxes according to the Internal Revenue Code (IRC).
  • Identify the various types of trusts that can be used for estate planning.
  • Recognize what is included in the gross estate of a decedent.
  • Calculate the gross estate of a decedent.
  • Recognize the various deductions and credits available when calculating the gross estate of a decedent.
  • Recognize the benefits of electing portability and calculating portability exemption amounts.
  • Describe the purpose of Generation-Skipping Transfers and the Generation-Skipping Transfer Tax according to the IRC.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC