Course Information

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706 Preparation and Planning Part 2: Property of the Decedent (2008-2009 Edition)
Author: Sidney Kess and Barbara Weltman

Description:
The primary goal of the second course in this series is to educate the preparer on how to accurately value and properly present the assets of the gross estate. It defines the "gross estate" in detail and will discuss titling of assets and how titling affects presentation of some schedules. Also other assets such as annuities, qualified monies, IRAs and powers of appointment are discussed. At the completion of this course, the professional will be able to determine the appropriate placement of assets among the schedules and valuing the assets.

Topics covered include:

  • Special use valuation
  • Valuing real estate, stocks, bonds, mortgages, notes and cash
  • Schedules A, B, C, D, E, F, G, H and I
  • Joint tenancy
  • Community property
  • Reporting insurance on the decedent's life
  • Jointly-owned property
  • Qualified joint interests
  • Transfers during the decedent's life
  • Powers of appointment

Course Details:
Price:  $75.00
Field of Study:  Taxes
Prerequisites:  706 Preparation and Planning Part 1: Tax Fundamentals
Level:  Intermediate
Course was last updated on:  09/12/08
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Library:
Learning Center Core
Tax Return Preparation
Wealth Management

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 5.0 CPE
QAS 5.0 CPE
Enrolled Agent (Accepted by the IRS) 5.0 CPE
CTEC Federal 5.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Lisa M. submitted on 01/05/2009
I consider the practice pointers to be one of the strong points of this course.
Reviewer: William H. submitted on 01/03/2008
Natural flow with the return
Reviewer: Antoine A. submitted on 10/24/2008
Easy Reading and easy to comprehend
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