Tax Authority Hosts BNA Webinar on Art of Estate Tax Return Preparation Using Form 706

ARLINGTON, Va., Nov. 7, 2011 /PRNewswire-USNewswire/ -- Form 706 compliance creates significant opportunities to reduce estate tax yet creates unique challenges to the tax practitioner. On November 8, 2011, BNA Tax & Accounting will offer a webinar, Form 706 — The Art of Estate Tax Return Preparation, 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.

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This Webinar presentation, conducted by noted author and practitioner Keith Schiller, 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 section 2053 regulations
  • Statute of limitation concerns (estate tax and income tax)
  • Unfunded trusts
• Present-interest challenges with entity interests
• Code section 2036 — Traps and opportunities
  • Protection of gift planning (FLPs and beyond)
  • Using section 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 flexibility
• Topics you want to address!

About the Speaker

Keith Schiller, Esq., is the shareholder of the Schiller Law Group, a Professional Law Corporation, of Orinda, California. He 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.

Form 706 – The Art of Estate Tax Return Preparation takes place November 8, 2011, from 12:00 P.M. – 2:30 P.M., ET). To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bna.com/form-706-art-w12884903882/?utm_source=newswire&utm_medium=PR&utm_content=TM&utm_campaign=Webinar-11082011 or (in the U.S.) call 1-800-372-1033, menu Option 6, then Option 1. The per site fee is $249.

To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm 

About BNA Tax & Accounting Webinars 

BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants.  Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.

About BNA  

BNA, a wholly-owned subsidiary of Bloomberg L.P., is a leading source of legal, regulatory, and business information for professionals. Our network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals.  BNA's authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & security, human resources, and environment, health & safety.

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