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Form 706 Preparation Part 3: Reporting Deductions 2024

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(Check-In 12:30pm EST)

Virtual

2.00 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

This section of the 4-part series will cover fundamentals of Form 706 with numerous examples of how to properly report deductions on the estate tax return, including the marital and charitable deductions.

Highlights

• How to report funeral and administrative expenses on Schedule J and/or L • How to report debts, mortgages and liens on Schedule K • Marital deduction and elections, QTIP, Reverse QTIP, QDOT, over-stated marital deductions • Charitable deduction Schedule O and potential problems

Prerequisites

Completion of Form 706 Preparation Parts 1 and 2

Designed For

CPAs, attorneys, bankers, enrolled agents and professional staff.

Objectives

• Determine the proper schedule for and reporting of deductions • Recognize protective and perfected refund claims with estate tax • Identify potential audit issues relative to deductions on 706

Preparation

None

Non-Member Price $119.00

Member Price $89.00