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706 Preparation and Planning Part 2: Property of the Decedent

Sidney Kess and Barbara Weltman

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:  $60.00
Field of Study:  Taxes
Prerequisites:  706 Part 1: Tax Fundamentals, or equivalent knowledge
Level:  Intermediate
CTEC course number:  1075-CE-6102
Course was last updated on:  06/14/06
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Library:

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 CPE
QAS 5 CPE
CFP® (Accepted by the CFP Board) 5 CPE
Enrolled Agent (Accepted by the IRS) 5 CPE
CTEC Federal 5 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.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: Rebecca P. submitted on 08/27/2009
The different instances wherein the Schedules of the Decedent's Properties are to be included as part of the Form 706. The examples and pointers were very helpful.
Reviewer: Fan C. submitted on 11/12/2008
The ability to print the course for later reference.
Reviewer: GLENN H. submitted on 03/06/2008
COVERED ALL AREAS LIKELY TO BE ENCOUNTERED.
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