CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

All New and Current customers who purchase the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update or the 2021 Federal and California Update will get the Tax Advisory Complement Bundle for free.

NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

Estate Tax Reform and the 2021 Planning Window

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Taxes

Course Description

The likely estate tax policy from Senator Sanders, Senator Wyden, and the President all lean towards lower estate tax exemptions, higher graduated estate tax rates and a reduction in minority interest and marketability discounts. This raises the complex question of whether it is prudent to incur gift tax and secondly whether it is wise to incur estate tax at the first death. These have been questions that estate planners have struggled with from 1986 through approximately 2011 and now these same struggles are presenting themselves again.   In fact, for most couples that experienced the death of the first spouse in 2020 or 2021 it is critical not to file the 706 at nine months but to extend the estate tax return.  Additionally, the possibility of the Van Hollen gain realization bill (STEP) becoming law adds to the complexity.

Learning Objectives

In this class, Robert Keebler, CPA/PFS, MST, AEP will cover the tax and mathematical aspects of incurring estate tax at the first death and/or incurring gift tax while both spouses are alive or between deaths including:

  • Learn why not making a QTIP election may save estate taxes
  • Why a 706 extension is wise and buys time for the “legislative” fog to clear
  • Understanding the proposed estate tax rate structure from 45% to 55%
  • Understanding the impact of eliminating marketability discounts
  • Understanding the impact of eliminating minority interest discounts
  • Understanding how to use IRC Section 2013 over a “Naked Life Estate” to obtain an estate tax credit at the second spouse’s death
  • Learn the proposed gain realization rules under the STEP proposal and the potential of a 39.6% LTCG rate at death
  • Discover why the “tax-exclusive” gift tax with an effective rate of 28.57% may be prudent compared to a 45% to 55% estate tax rate
  • Understanding the three year gift tax rule and how to design net gifts and net-net gifts
  • Review how to increase basis of property with a 2021 taxable gift
  • Learn why 2021 gifts can lock-in discounts and reduce the effective gift tax rate from
  • Understand how the GST planning is integral to advanced plans
  • Discover how to compare paying estate at the first death compares to taxable gifts, IDGTs, SCINs, PAs, and GRATs
  • Discover how to compare taxable gifts to IDGTs, SCINs, PAs, and GRATs.

Course Specifics

Course ID
WC1821240378
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01790-21-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1580
CTEC Federal Tax Law Credits: 1

Course Instructor

Robert Keebler Headshot
Robert Keebler, CPA, AEP, MST, CGMA

Robert S. Keebler, CPA/PFS, AEP (Distinguished), CGMA, MST is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Section. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents …

Robert Keebler, CPA, AEP, MST, CGMA Read More »

Estate Tax Reform and the 2021 Planning Window

CPE CREDITS
1 Credits: Taxes

$64.50


Webcasts are available for viewing Monday – Saturday, 8am – 10pm ET.
This webcast is 1 hours in length so you must start it before 09:00 pm ET.
Start within 7 hour(s) and 34 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Taxes

Course Description

The likely estate tax policy from Senator Sanders, Senator Wyden, and the President all lean towards lower estate tax exemptions, higher graduated estate tax rates and a reduction in minority interest and marketability discounts. This raises the complex question of whether it is prudent to incur gift tax and secondly whether it is wise to incur estate tax at the first death. These have been questions that estate planners have struggled with from 1986 through approximately 2011 and now these same struggles are presenting themselves again.   In fact, for most couples that experienced the death of the first spouse in 2020 or 2021 it is critical not to file the 706 at nine months but to extend the estate tax return.  Additionally, the possibility of the Van Hollen gain realization bill (STEP) becoming law adds to the complexity.

Learning Objectives

In this class, Robert Keebler, CPA/PFS, MST, AEP will cover the tax and mathematical aspects of incurring estate tax at the first death and/or incurring gift tax while both spouses are alive or between deaths including:

  • Learn why not making a QTIP election may save estate taxes
  • Why a 706 extension is wise and buys time for the “legislative” fog to clear
  • Understanding the proposed estate tax rate structure from 45% to 55%
  • Understanding the impact of eliminating marketability discounts
  • Understanding the impact of eliminating minority interest discounts
  • Understanding how to use IRC Section 2013 over a “Naked Life Estate” to obtain an estate tax credit at the second spouse’s death
  • Learn the proposed gain realization rules under the STEP proposal and the potential of a 39.6% LTCG rate at death
  • Discover why the “tax-exclusive” gift tax with an effective rate of 28.57% may be prudent compared to a 45% to 55% estate tax rate
  • Understanding the three year gift tax rule and how to design net gifts and net-net gifts
  • Review how to increase basis of property with a 2021 taxable gift
  • Learn why 2021 gifts can lock-in discounts and reduce the effective gift tax rate from
  • Understand how the GST planning is integral to advanced plans
  • Discover how to compare paying estate at the first death compares to taxable gifts, IDGTs, SCINs, PAs, and GRATs
  • Discover how to compare taxable gifts to IDGTs, SCINs, PAs, and GRATs.

Course Specifics

Course ID
WC1821240378
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01790-21-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1580
CTEC Federal Tax Law Credits: 1

Course Instructor

Robert Keebler Headshot
Robert Keebler, CPA, AEP, MST, CGMA

Robert S. Keebler, CPA/PFS, AEP (Distinguished), CGMA, MST is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Section. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents …

Robert Keebler, CPA, AEP, MST, CGMA Read More »

Estate Tax Reform and the 2021 Planning Window

CPE CREDITS
1 Credits: Taxes

Webcasts are available for viewing Monday – Saturday, 8am – 10pm ET.
This webcast is 1 hours in length so you must start it before 09:00 pm ET.
Start within 7 hour(s) and 34 minutes to watch today.

$64.50