Target Audience: CPAs, EAs, RTRPs
Field of Study: Taxation (NASBA); Federal Tax Update (IRS)
Seminar Level: Beginner
IMPORTANT INFORMATION REGARDING CPE CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT FOR ENROLLED AGENTS (EA). IF YOU ARE NOT AN ENROLLED AGENT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN ATLANTA, GEORGIA, ON JULY 12, 2012, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Small Business/Self-Employed operating division delivered this seminar at the IRS Nationwide Tax Forum in July 2012.
There have been a number of changes in estate and gift tax law in the last few years, including changes to the tax rates, exemptions, filing requirements, and portability. This session will highlight these recent changes, as well as recent estate and gift cases and rulings, current exam priorities, and other recent developments.
By the end of this presentation you will:
- Know the Estate Tax, Gift Tax, and GST applicable exclusion and maximum tax rates
- Be familiar with portability: its limitation period and how to elect portability
- Learn how the deceased spousal unused exclusion amount, or DSUEA, increases the applicable exclusion amount of an electing surviving spouse
- Understand the requirements and forms to file for protective claims
No prerequisites or advanced preparation are required for this seminar.