CPE for CPAs and EAs Today: Post Mortem Estate Planning Primer (OnDemand)

  • Credits: 2
  • Format: OnDemand® Webinar
  • Field of Study: Federal Tax Law
  • Author/Speaker: Art Werner

*Content Preview
Available Formats:        
Advanced Preparation: None
Experience Level: Overview
Program Prerequisites: General Understanding of Taxation
Course ID: EWTFM-T-01868-22-O | 6233-CE-0582
Published Date: © June 2021


People die every year, but 2020 saw a lot of unexpected death. COVID-19 was devastating to several families, how prepared were you? How prepared were your clients? At the time of loss, things can become very chaotic for the spouse, the family, and the finances. Planning at this point is too late, other than funeral arrangements. Your clients will be less focused during times of loss and grieving and may want to push things off for later.

This is where you can provide that stability to your clients and remove the confusion. Having a plan for the inevitable is good business, and can generate business for you. This course will cover the planning process that every CPA should be discussing with their clients now. Not Later.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify Post Mortem Opportunities on the Final Form 1040
  • Identify Post Mortem Opportunities on the Estate Income Tax Returns Form 1041
  • Define Executor responsibility
  • Prepare Post Mortem Estate Tax Elections Form706
  • Understand the reasoning for using Alternate Evaluation Dates
  • Define the requirements for Qualified Terminable Interest Property (QTIP)
  • Define the requirements for Qualified Domestic Trust (QDOT) Election
  • Identify the rules for Resident Alien Spouses
  • Define Special Use Valuation [IRC §2032(A)]
  • State the purpose and use of Portability Election [IRC §2010(c)]

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: