2011 Deaths and Form 706 and Portability AICPA Webinar - November 15, 2011  

    Date:  November 15, 2011 at 1:00 PM - 2:30 PM ET
    Duration: 1 and a half hours
    Speaker:  Robert S. Keebler, CPA, MST, AEP 

    Webinar Presentation | Presentation Materials

    The IRS on September 29th issued
    Notice 2011-82 to alert executors of 2011 estates of the need to file a Form 706 to make the election to transfer a decedent’s unused $5 million estate and gift tax exclusion to the surviving spouse. In particular, for the executor of a 2011 estate to make a portability (i.e., deceased spouse unused exclusion amount (DSUEA)) election, the executor is required to file a timely Form 706 for the decedent's estate, even if the estate is not otherwise obligated to file a Form 706. If a timely return is not filed, any excess exclusion amount is lost forever and is unavailable at the death of the surviving spouse. To avoid falling into this trap, practitioners should discuss with their clients the benefit of filing the federal estate tax return for the first spouse, even if no tax is due. Over the next few weeks and months, it is very important to file extensions (Form 4768) or Form 706 for early 2011 deaths within the nine-month deadline (starting October 3, 2011).

    In this web seminar, Bob Keebler led practitioners through a discussion on:



    • An overview of portability provisions after the Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010 (“2010 Act”)
    • The impact of the 2010 Act on estate, gift and GST planning
    • Why retirement distribution planning is important
    • A schedule by schedule review of Form 706

    Tax section members and PFP section members (inclusive of PFS credential holders) may attend this seminar for free without receiving CPE credit. The cost for non-AICPA members to attend and receive CPE credit is $75. The cost for AICPA members to attend and receive CPE credit is $65. The cost for PFP section members (inclusive of PFS credential holders) and Tax section members to attend and receive CPE credit is $50. CPE credit will be available for purchase as late as two weeks after the event.  

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