This award-winning guide makes the tax law fun and interesting by connecting examples from more than 150 well-known motion pictures to strategic guidance for estate planning and compliance. It includes complete coverage of the preparation and defense of Form 706, including illustrated estate tax returns, guidance on portability elections, and tips for molding a client’s estate plan during life to benefit the estate tax outcome. The book’s author, Keith Schiller, has more than 25 years of experience teaching tax professionals.
PreOrder--Pub. Date June 30.
Art of the Estate Tax Return, Second Edition – Estate Planning at the Movies® provides in-depth tax analysis and strategic counsel, while offering the ultimate in readability, by connecting well-known motion pictures to practical estate planning and compliance. These connections create great reminders of significant strategies or law, lending humanity to technical issues, and making the tax law fun.
Art of the Estate Tax Return will enhance your practice and enable you to potentially save your clients millions of dollars in estate taxes by presenting strategic analysis for preparation, presentation, and post-filing defense and advocacy with tax-saving results.
Underlying the cinematic connections, the author shares his best practice tips from a career of preparing, reviewing, and defending estate tax returns, and his greater than 25 years of teaching experience for tax professionals.
With a Foreword by former IRS Appeals Team Manager John Schooler, and an Afterword by Charles W. Morris, the former IRS Territory Manager, Estate and Gift Tax for the Western United States, Art of the Estate Tax Return unsnares the traps and explores the nuances of law and procedure that enter into the preparation and defense of Form 706, including:
The 2017 Cumulative Supplement includes:
Expanded content on basis consistency reporting and working with the updated instructions to Form 8971
New planning opportunities with QTIP elections with portability returns and even some late-filed returns
Significant developments with valuation to achieve better results
Helpful tips to complete Form 706 to ease staff burdens with Form 8971
Three illustrated estate tax returns for death in 2016
Major developments with gift tax savings
Analysis of recent cases for better use of FLPS and family LLCs
Extensive coverage of relief with late portability elections, and for QTIP election and GST exemption relief
Copyright Keith Schiller © 2014. All rights reserved. Estate Planning At The Movies® is the registered trademark of Keith Schiller.
View full tables of contents and read the book’s preface.
Read what others have to say about this Bloomberg BNA book.
This is the best resource available for estate tax return preparation…
Former IRS Estate Tax Attorney
Keith Schiller’s work here, the substantive work tied together with his personal insights and experiences and in some cases the insights of others is, by far, the best work on the subject that I have ever seen. By far!
Former IRS Territory Manager, Estate and Gift Tax for the Western United States
Keith Schiller has provided estate tax return preparers with an astounding compilation of invaluable tools to get this most complex task done more quickly, accurately, and thoroughly. His practical advice, gleaned not only from his own extensive practice, but also from leading practitioners as well as former IRS officials, provides wise and creative solutions to some of the most perplexing conundrums posed by today’s hair-pullingly complex Code and Regulations. You’ll find a greatly expanded coverage of portability elections, detailed treatment of IRS Appeal rights and protective refund issues, and extensive discussion of and answers to many highly contentious valuation issues. I know of no single source that even comes close to this book in depth. It belongs – not in your law library – but within reaching distance – since you’ll be using it constantly!
Publisher – Leimberg Information Services, Inc. (LISI)
…an encyclopedic guide for professional practitioners in understanding and preparing IRS Form 706….This volume is most impressive for its breadth and depth of coverage as well as its winning and entertaining style of presentation.
Law Professor and Senior Editor, Estate Planning magazine
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