2017 Fall Tax School Webinar: Beneficiary and Estate Issues - University of Illinois Tax School
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Scroll down for webinar details! 2017 Fall Tax School Webinar: Beneficiary and Estate Issues

Note: The content covered in this live webinar is the same content that is taught at Fall Tax School.

Don't have high-income clients with sophisticated estate plans? This webinar contains information for helping all your clients, regardless of wealth and income. It also helps you advise clients who are beneficiaries of estates. Some questions to be answered during this webinar include:

  • Is the portability election beneficial only for high-income taxpayers?
  • What are planning pointers for moderate-wealth taxpayers?
  • Does every client need a will?
  • When can simplified reporting be used for Form 706?
  • Have you missed the deadline for filing an estate tax return for 2011? You may still have time to file under Rev. Proc. 2017-34.
  • Who needs to file Form 8971? Have any of your clients received a Schedule A of Form 8971 as beneficiaries of an estate?
  • Where do you report the expenses associated with selling a decedent's principal residence?

Note: New for 2017, you will access all webinars and digital downloads by logging into your Tax School account on this website.

Other Tax School webinars

Fall Tax School webinars feature audio instruction, plus a powerpoint presentation. Each course includes a set of materials that accompany the course presentation.

Dates:

  • Thursday, December 14, 2017 from 10:00AM to 11:30AM Central Time
  • Tuesday, January 16, 2018 from 1:30PM to 3:00PM

Registration Fee: $40.00

CPE Credits: Up to 1.5 (1.0 for IRS purposes and 1.25 for IL MCLE) based on attendance and completion of engagement activities.

CPE Filings Available: Illinois MCLE, CFP, IRS

Catherine Riddick Catherine Riddick has been associated with the Tax School since 2008 as an instructor and as a reviewer for the University of Illinois Federal Tax Workbook. She is a CPA and licensed attorney with nearly 25 years of experience in tax planning and preparation. She worked for one of the large CPA firms in the Chicago area for 10 years and has had her own CPA firm in LaGrange, Illinois for the past 15 years. Catherine received a bachelor's degree from Old Dominion University in Norfolk, Virginia and a law degree from Washington and Lee University in Lexington, Virginia.

We offer our webinars using the Webinato platform, which uses your web browser to deliver the content. The only thing that might need to be updated is the version of Flash you are running.

Please test your computer system using the instructions below before the webinar. If you fail to test your system in advance and experience problems, you may not be able to participate in the webinar. We cannot provide refunds because you experience technical problems the day of the webinar. When testing, use the computer you plan to use for participating in the webinar.

NOTE: We recommend using a desktop or laptop computer to attend the webinar rather than a tablet or mobile phone.

  • Make sure that the computer that you will use for the webinar is connected to the Internet with a broadband connection.
  • Make sure that you have functioning speakers or headset to take full advantage of the audio capabilities during the session (all instruction is provided vocally). If you don't want to use your computer speakers or headset, there is phone audio available. The dial-in number, Conference ID, and User ID for phone audio will be given to you once you enter the webinar session.

Testing Instructions

This test should take less than 5 minutes to complete.

On the computer you will be using for the webinar, go to the following web page:

www.webinato.com/conftest/

When the page loads, it will walk you through various tests. You will not need a webcam or microphone for the webinar.

If you encounter any problems testing your system, you can check the following resources:

Many of the pages above have a button that allows you to chat with Webinato support. Please contact Webinato through chat with all technical problems.

If your technical problems cannot be resolved, please call the Tax School office at 217-333-0502 for options regarding webinar attendance.

Note: New for 2017, you will access all webinars and digital downloads by logging into your Tax School account on this website.

Note: The content covered in this live webinar is the same content that is taught at Fall Tax School.

  1. Estate taxes — transfer taxes

    1. Unlimited between spouses
    2. Portability election
    3. IL estate tax
  2. Estate planning basics

    1. Joint tenancy
    2. Transfer on death (TOD)
    3. Wills
    4. By-pass and credit shelter trusts
  3. Estate issues

    1. Basis step up
    2. Power of appointments
    3. Closing letter
    4. Form 8971
  4. Taxable income of estates/trusts

    1. Distributions of income from estates
    2. Sale of decedent's personal residence
  5. Estate termination

    1. Timing
    2. Excess deductions
    3. Executor fees and administrative costs
  6. Other beneficiary issues

    1. Discounts on family limited partnerships
    2. Life estates and remainder estates

Learning Objectives: By attending this webinar, you will be able to:

  1. Make a portability election on Form 706
  2. Determine whether an estate has a filing requirement
  3. Report the sale of a decedent's personal residence properly
  4. Recognize planning techniques for achieving income tax basis step up for beneficiaries
  5. Recognize the importance of distribution and termination timing from an income tax planning perspective for beneficiaries
CPE credits Up to 1.5 based on attendance and completion of engagement activities
Field of Study (NASBA) Taxes (1.5)
IRS Categories Federal Tax (1)
CFP Taxation (1.5)
IL Insurance N/A
IL MCLE Taxation (1.25)

Please see our CPE FAQ for more information.


Delivery Method: Internet-Based Group

Program Level: Overview

Prerequisite(s): Professional experience in preparing tax returns and an understanding of basic tax rules and regulations.

Materials: Will be available in your Tax School account one week prior to the webinar.

Note: New for 2017, you will access all webinars and digital downloads by logging into your Tax School account on this website.

Last updated 10/18/2017 11:35:42 AM

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