Estate Taxes Part 2: Tools for Estate Planning

$19.00 each

Course ID: CPE Credits Field Of Study Author or Speaker:
EWTFM-T-01446-19-S  2 Credits   Taxes Andrew Clark, EA
Instructional Method: Advanced Preparation: Program Prerequisites: Experience Level:
 Interactive Self Study   None   None   Overview

 

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. This course will describe how to identify what is included in the gross estate and demonstrate how to calculate gross estate amounts. This course will discuss portability, and explain the benefits of electing portability. Finally, this course will describe Generation Skipping Transfer Taxes.

Learning Objectives: At the end of this course, students will be able to:

 

  • Calculate the gross estate if the 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 Transfer Tax according to the IRC

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