Preparing returns for estates can be difficult, especially if you do not prepare these kinds of returns often, but these services are vital for our clients.

This course provides the practitioner with a practical understanding of Federal estate law. We will examine Forms 1041 and 706 and will address how and when to prepare each form. We will also discuss planning suggestions to minimize taxation where possible for clients.

Learning Objectives:

  • Form 1041 and 706 preparation.
  • Compliance issues and key topics including asset valuation, deductions, tax liability and portability elections.
  • Descendent 1040 preparation and planning discussions to minimize taxability.

Area Covered in this session:

  • Preparation of forms 1041 and 706.
  • Estate income, common examples and proper reporting on form 1041.
  • Six major components of Form 706 to ensure compliance. 
  • Determining Tax Liability. 
  • Portability elections, their availability and use.  
  • Asset valuation and deduction compliance and their impact on tax calculations.
  • The ins and outs of the “portability” rules, including how the rules actually work using common examples.
  • Issues involved in the preparation of the decedent’s final federal income tax return (Form 1040).
  • Income tax consequences.

After attending and participating in this webinar, you will be able to:

  • Successfully and correctly complete forms 1041 and 706
  • Understand and obey compliance requirements for forms 1041 and 706.
  • Understand asset valuation, estate deductions, and correctly ascertain the impact on tax liability.
  • Explain tactics to assist clients in estate planning to minimize future tax liability

Live Q&A session will be held after the event.

PowerPoint presentation for reference

Who Should Attend?

  • Payroll Managers
  • CPA
  • A/P Managers
  • A/P Staff
  • Finance Executives
  • Tax Professionals
  • Accounts Payable and Finance Department Staff
  • Third Party Payment Settlement and Processing Agencies
  • Certified Public Accountants
  • Enrolled Agents
  • Lawyers

Credits and Other information :

  • IRS CPE Credits: 2.0 TAX
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Case Studies and Live Q&A session with speaker

1. How can I register for this webinar/course?

Enroll now on Pioneer Educator. Explore a variety of webinars presented by industry experts. Choose either ‘live webinar’ or ‘on-demand’, and simply click ‘buy now’ to register

2. Is it possible to register someone else for this course? If so, how can I do that?

You can recommend Pioneer Educator to your friends and colleagues. Expand your professional network by getting them enrolled at pioneereducator.com today!

3. What is web download and transcript or On demand session?

 The web download grants access to the webinar recording, enabling you to receive a link to download and save it on your computer for convenient viewing, multiple times.

 The transcript offers comprehensive written material from the webinar, ensuring you have detailed documentation of the content presented.

 On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

4. Is there an opportunity to ask questions to the speaker during the session?

Each webinar wraps up with a Q&A session, giving you the opportunity to interact with industry experts and receive answers to all your queries.

5. We provide the following CE credits to the professionals on the approved courses.

  • IRS
  • HRCI
  • SHRM

6. When are the continuing education credits reported to the IRS, HRCI, SHRM and other regulatory bodies ?

Your educational credits will be reported to the appropriate licensing and regulatory bodies within 5-7 business days

7. What should I do if I can’t log my account?

The credentials to log into your account is your EMAIL ADDRESS & PASSWORD used during account creation.

  • If you’ve forgotten your password, please go to the login page and click on the ‘Forgot Password.’ Then enter your registered email id to receive the password reset email. Click on the link given in the email to enter your new password.
  • If the face any challenge, please reach out to us via email support@pioneereducator.com or contact our support team through live chat support.

8. How can I view /access the courses that I have registered for?

Upon registering for any of our webinars or products, you will receive webinar instructions 24 hours before the conference over the your registered mail id with us also check SPAM/JUNK folder. If you’ve not received the instructions, Please reach us at support@pioneereducator.com

9. How can I cancel my registration?

For registration cancellations, please reach out to us via email at support@pioneereducator.com. If you cancel your registration for a paid webinar, expect the refunded amount to be credited back to your payment method within 7 business days.

10. How can I download the learning materials/Handouts available for the webinars/Seminar?

Conference materials will be accessible 4 hours before the webinar begins. You can download them directly from the webinar page or by logging into your account

11. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM and Gotowebinar for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth

12. I took a webinar, where is my certificate?

Your certificate will be sent to you via email within 3 working days after the webinar ends. Alternatively, you can log in to your account at www.pioneereducator.com to retrieve it. If you haven't received the email within this timeframe, please check your spam/junk folder. If you still can't find it, don't hesitate to contact us via email at support@pioneereducator.com or connect with us through the online chatroom.



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