Calculating Estate Tax Portability Exclusion Amount: Filing Form 706, Rev Proc 2017-34 and Missed Election Relief
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will provide tax advisers with a comprehensive guide to the computation and reporting of the deceased spouse's unused exclusion change to “Deceased Spousal Unused Exclusion” (DSUE). The panel will explain when portability should be elected and demonstrate the calculation to show the DSUE amount transferred from the deceased spouse to the surviving spouse.
- Electing portability
- Definition of DSUE
- Process for calculating DSUE
- Calculating and reporting DSUE on Form 706
- Reporting DSUE on Form 709
- Filing 706 for the sole purpose of electing portability
- Missed elections
- Revenue Procedure 2017-34
- Private Letter Rulings
- The impact of potential law changes on portability
The panel will review these and other critical components of estate portability reporting and DSUE calculations:
- How to calculate DSUE amounts per IRS guidelines
- Relief for missed portability elections
- Determining whether to recommend portability election
- Simplified rules for estates filing a Form 706 return for the sole purpose of electing portability
- Reporting DSUE on Estate Tax Return Form 706 for a surviving spouse
- Reporting DSUE on Gift Tax Return Form 709 for a surviving spouse
James R. Daneri
Blanchard Krasner & French
Mr. Daneri focuses his practice in the areas of estate planning, taxation, and business law. His estate planning... | Read More
Mr. Daneri focuses his practice in the areas of estate planning, taxation, and business law. His estate planning practice includes formation of complex irrevocable and revocable trusts, probate, and trust administration. His taxation practice includes corporate, partnership, and individual wealth and tax planning, complex tax transactions, income and employment tax audit defense, and tax-exempt entities. His business law practice includes representation of shareholders, contracts, mergers, labor disputes, succession planning, entity maintenance, and formations.Close
Robert M. Maxwell, Esq.
Mr. Maxwell focuses on post-mortem planning. He prepares estate tax returns for estates where his firm is executor and... | Read More
Mr. Maxwell focuses on post-mortem planning. He prepares estate tax returns for estates where his firm is executor and fiduciary income tax returns for estates and trusts managed by his firm. In addition, he prepares personal income tax returns for the Company’s affluent individual investors.Close
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.