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How to prepare a federal estate tax return (Form 706)? How to prepare a federal gift tax return (Form 709)? Knowing how both the Form 706 and Form 709 work provides insight into terminology and valuation procedures that are fundamental to, and have shaped, the U.S. system for handling the estates of the deceased in all aspect of estate administration, even those that are not directly tax related. This course provides you with a practical understanding of the issues involved in preparing the federal estate tax return, Form 706 and the federal gift tax return, Form 709.
Key Learning Objectives
- Knowing the situations where a Form 706 or Form 709 should be filed
- Understanding the relationship between gift tax and estate tax
- Knowing how to gather and organize information for preparation of a Form 706
- Understanding Portability and then need for a Federal 706
- Understanding the Estate Tax Strings and their relevance to the Form 706
- Obtaining a working knowledge of completing a Form 706 and 709
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 | Paul Wigg-Maxwell
Mr. Maxwell is a Tax Attorney with over thirty years experience advising on tax matters. He worked in the Tax Departments of large New York City law firms for eight years before establishing his private practice in New Jersey.
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