Portability: Now More Important than Ever

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

New IRS Revenue Procedure – the Coming Sunset of the 2017 Act – Portability must be addressed! This program offers a clear explanation of the portability rules – how they work and when portability should be used in estate and tax planning. It will address the advantages and disadvantages of making the portability election. The program will also look at how the portability issue is addressed on the Federal Estate Tax Return (Form 706) and Federal Gift Tax Return (Form 709). The portability election for using the unused exclusion of a deceased spouse is a powerful estate and income tax planning tool that all practitioners should be aware of.

Learning Objectives

Upon completion of this course, participants will be able to:

  • Obtain a comprehensive basic understanding of portability rules and what they intend to accomplish
  • Get the latest information about new IRS portability election timing issues
  • Understand and Calculate the Deceased Spouse Unused Exemption (DSUE)
  • Know when and how to assure the portability election is made
  • Address how portability is handled on tax reporting forms
  • Gain awareness of the circumstances when portability should be embraced or ignored

Course Specifics

Course ID
WC1822296805
Revision Date
September 6, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02066-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1801
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Steven G. Siegel Headshot
Steven G. Siegel, JD, LLM

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …

Steven G. Siegel, JD, LLM Read More »

Portability: Now More Important than Ever

Expert Instructors
CPE CREDITS
2 Credits: Taxes

$98.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

New IRS Revenue Procedure – the Coming Sunset of the 2017 Act – Portability must be addressed! This program offers a clear explanation of the portability rules – how they work and when portability should be used in estate and tax planning. It will address the advantages and disadvantages of making the portability election. The program will also look at how the portability issue is addressed on the Federal Estate Tax Return (Form 706) and Federal Gift Tax Return (Form 709). The portability election for using the unused exclusion of a deceased spouse is a powerful estate and income tax planning tool that all practitioners should be aware of.

Learning Objectives

Upon completion of this course, participants will be able to:

  • Obtain a comprehensive basic understanding of portability rules and what they intend to accomplish
  • Get the latest information about new IRS portability election timing issues
  • Understand and Calculate the Deceased Spouse Unused Exemption (DSUE)
  • Know when and how to assure the portability election is made
  • Address how portability is handled on tax reporting forms
  • Gain awareness of the circumstances when portability should be embraced or ignored

Course Specifics

Course ID
WC1822296805
Revision Date
September 6, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02066-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1801
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Steven G. Siegel Headshot
Steven G. Siegel, JD, LLM

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …

Steven G. Siegel, JD, LLM Read More »

Portability: Now More Important than Ever

Expert Instructors
CPE CREDITS
2 Credits: Taxes

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.

$98.00