Unlocking the Mysteries of Forms 706 and 709: A Guide for Tax Professionals


Jul 30,2024

PRESENTER(s): Warren M Bergstein

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
  •  | 
  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved NASBA & IRS CPE Credit 2(Taxes)

Form 709, Federal Gift Tax return and Form 706, Federal Estate Tax return, are key parts of any practice involving estate planning and wealth management.

This two hour presentation on all the rules surrounding federal gift tax, and how it interacts with the federal estate tax. It will detail what has to be paid tax on, what is exempted from taxes and deductible under these taxes. This complimentary course will evaluate in depth Forms 706 and 709. It instructs how each form must be sectioned out from the preparation perspective. Moreover, it will provide planning ideas which may show you how to reduce taxation as far as potential.

Why Should You Attend?

  • Navigating the challenges of estate and gift taxation can be overwhelming for practitioners, especially those lacking extensive experience in this field. This comprehensive course provides a practical exploration of Federal Forms 706 and 709, guiding participants line by line through their preparation.
  • This course is designed to provide attendees with invaluable insights and hands-on experience, ensuring they can seamlessly integrate estate and gift tax preparation into their professional practice.

Area Covered in this session:

  • Transfers subject to the Gift Tax
  • Transfers that are not subject to the Gift Tax
  • Available Gift Tax Deductions
  • Statutes of limitations and the adequate disclosure rules
  • Filling out the asset and deduction Schedules of Form 706
  • Proper use of the Marital and Charitable Deductions

Learning Objectives:

  • Identify basic characteristics and elements of the federal gift and estate tax
  • Review in detail the mechanics of preparing Forms 706 and 709
  • Portability in Estate Tax Planning
  • Coordinating Issues for Decedent's Final Income Tax Return
  • Postmortem Estate Planning Strategies
  • Integrating Tax Planning into Client Services

Credits and Other information:

  • Recommended CPE credit – 2.0
  • Recommended field of study – Taxes
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • NASBA Sponsor: 146439
  • IRS Course ID: PJGWS
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners

Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Speaker Profile:

Warren M Bergstein. More than forty years of practice in tax planning, estate and trust administration and planning, personal financial planning and accounting have given Warren an extraordinarily deep understanding of taxation and personal finance. At his firm, Adelman, Katz & Mond LLP, his clients, who include primarily high net worth individuals, entrepreneurs and sole proprietors, benefit from his expertise in tax law, its applications and implications for individuals. Warren is an adjunct professor of accounting and taxation at Long Island University, New Jersey City University, and Rutgers. He has spoken at the Institute of Management Accountants, both the New York and Long Island chapters of the Financial Planning Association, the New York State Society of CPAs, New York University, and others. In addition, he is an accomplished author, and has regularly contributed to publications like Marshall Loeb's Money Guide, Taxation for Accountants, and The CPA Journal. Warren has been very active in professional organizations, and has frequently been elected as president, board member or committee chair. Warren is a fan of local sports teams. He also likes to read biographies and books on current events. He and his wife, Susan, live in Langhorne, PA. They have two children, Sam and Robin, and a granddaughter, Reily.

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