Calculating Estate Tax Portability Exemption Amount: The Nuts and Bolts of DSUE Computations
Planning Opportunities and Compliance Challenges in Reporting the Deceased Spouse Unused Exemption Amount
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide tax advisers with a thorough and comprehensive guide to the computation and reporting of the deceased spouse’s unused exemption (DSUE), which is used to calculate the applicable exclusion amount for the surviving spouse when portability has been elected. The panel will define the DSUE, offer best practices on determining when portability is the most appropriate strategy to elect, and demonstrate the 7-step calculation to show the DSUE amount transferable from the deceased spouse to the surviving spouse. The webinar will contain a case study showing completed DSUE calculations on Part 6 of the Form 706. The panel will also detail required gift tax reporting on Schedule C of Form 709.
- Definition and rules for electing portability
- Definition of DSUE
- Process for calculating DSUE
- Reporting DSUE on Form 706 Part 6
- Reporting DSUE on Form 709 Schedule C
- Filing 706 for sole purpose of electing portability
The panel will review these and other critical components of estate portability reporting and DSUE calculations:
- Final DSUE Regulations
- How to calculate DSUE amounts per IRS guidelines
- Evaluating DSUE amounts against other factors in determining whether to recommend portability election
- Simplified rules for estates filing a Form 706 return for sole purpose of electing portability
- Reporting DSUE on Estate Tax Return Form 706
- Reporting DSUE on Gift Tax Return Form 709 Schedule C
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
James Daneri, Esq.
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