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Form 706 — The Art of Estate Tax Return Preparation


Product Code - TMA69
Speaker(s): Keith Schiller, Esq., Schiller Law Group, a Professional Law Corporation
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Form 706 compliance creates significant opportunities to reduce estate tax yet creates unique challenges to the tax practitioner. This presentation is designed for practitioners who will be filing estate tax returns for deaths in 2010 and 2011 and who want to enhance their general estate tax compliance capacity or better connect estate planning to the eventual filing of Form 706.

Register now and submit your questions to Mark Carrington at mcarrington@bna.com. The webinar discussion will be tailored substantially to topics that participants want covered; ask your Form 8939 questions now prior to the filing deadline of January 17, 2012!

This value-added webinar includes the award-winning textbook, Estate Planning At The Movies™ — Art of the Estate Tax Return, by speaker Keith Schiller. The text, which includes the first supplement, is provided for your ongoing benefit and is designed to save your clients millions in estate taxes while making you a hero. Your reference book will arm you with strategic insight for the filing of highly-effective Federal Estate Tax Returns, enhancing your knowledge and your library.

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About the book you will receive: Charles W. Morris, Esq. former IRS Territory Manager, Estate and Gift Tax for the Western United States, stated, “The substantive work … is, by far, the best work on the subject that I have ever seen. By far!” Stephan R. Leimberg, publisher of Leimberg Information Services®, Inc., stated, “Don’t dare file another estate tax return – until you read this book.”

This webinar presentation is designed for attorneys, accountants, and other preparers of estate tax returns. The webinar discussion will be tailored substantially to topics that participants want covered.

During this live event, participants will be provided with a conceptual understanding and practical application of the following:

  • Election out of Form 706 filing for deaths in 2010
    • Compliance — deadlines, conflicting returns, strategic choices
    • Property subject to modified carryover basis versus property eligible for basis increase
    • GST challenges and traps
  • Avoiding audits and gaining insights for the most effective results
  • Minimizing discounts on the death of the first spouse
  • Expanded use for protective refund claims
    • Restrictions imposed under §2053 regulations
    • Statute of limitation concerns (estate tax and income tax)
    • Unfunded trusts
  • Present-interest challenges with entity interests
  • Code §2036 — Traps and opportunities
    • Protection of gift planning (FLPs and beyond)
    • Using §2036 as a friend of the taxpayer
  • Compliance planning for DSUEAs
    • Risk planning with clients
    • Benefits and limitations
    • Another benefit with QTIP trusts
  • Cutting-edge analysis with valuations of S Corporations, promissory notes, and fractional interest discounts
    • S Corporations ... Tax Court decisions have not considered peer review models
    • Promissory notes: protecting bona fides and discounts in planning and compliance
    • Fractional interest discount cases
  • Integrating GST exemption reporting with marital deduction reporting
    • Reverse QTIPs and the marital deduction
    • Formula clauses and flexibilty
  • Topics you want to address!

Interested in purchasing more copies of Keith Schiller’s Art of the Estate Tax Return at just $170 each? Click here to order. Use Coupon Code BNA2011.

Keith Schiller, Esq., Schiller Law Group, a Professional Law Corporation

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Keith Schiller, Esq., is the shareholder of the Schiller Law Group, a Professional Law Corporation, of Orinda, California. Mr. Schiller has focused his 36 years of experience with estate, gift, and GST tax planning and compliance, estate planning and business succession planning. Keith works with clients and consults with estate planning, trust administration, and tax practitioners throughout California.

  • Mr. Schiller is a member of the BNA Advisory Board for the Estates, Gifts and Trusts Journal and Consulting Group for the Leimberg Information Services®, Inc. Newsletter.
  • Mr. Schiller has twice authored tax courses and course texts that have received the Award for Outstanding Course Materials from the CalCPA Education Foundation including the 2010-2011 recognition for Estate Planning At The Movies™ — Art of the Estate Tax Return.
  • He has taught estate tax compliance since 1989, including instruction for greater than 13 years with IRS estate tax attorneys, group managers, and appeal officers.
  • Mr. Schiller’s recent speaking engagements include: Wilmington Trust Summit, Wilmington, Delaware; Advanced Summit on Business Valuation, Georgetown School of Law; Distinguished Speaker’s Series for the Sarasota Community Foundation, Sarasota, Florida; CalCPA Education Foundation Advanced Estate Planning Institute; and Southern California Tax and Estate Planning Forum, San Francisco, California (and upcoming in San Diego).
  • Mr. Schiller holds a B.A. from the University of California, Los Angeles, and a J.D from the University of California, Berkeley (Boalt Hall).