Fewer Estates May Be Taxable
But More Need Estate Tax Returns!

 (Are You Missing Out On This Huge
Practice-Building Opportunity?)

Thanks to the new $5.43 million estate tax exemption, it seems fewer estates will be required to file a Form 706 (Federal Estate Tax Return). Wrong!

Lots of estates that don’t exceed $5.43 million may want to file a 706 because of a 2010 Tax Act provision… “Portability”!

Married couples may now fully utilize the first to die’s estate tax exemption without bothering to set up “A” and “B” (or “credit shelter”) Trusts, provided the survivor elects portability - - on a timely filed 706.

This makes sense when the total estate is worth over $5.43 million at the first spouse’s death. And this could also make sense if the total estate is less than $5.43 million but may grow to over $5.43 million by the surviving spouse’s death, or there are concerns that future laws may reduce the exemption amount available to the survivor’s estate.

Plus, keep this in mind…many times, even when “A” and “B” trusts are set up, the first to die’s exemption may not be fully used because assets like IRAs pass directly to the survivor - - and that unused exemption will be lost forever if you don’t timely file the 706!

What all this means is that many estates, even those well below $5.43 million may now need a 706 done, which is a golden opportunity for you, if you know how to properly prepare the Form 706!

Please join us and nationally renowned tax expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, for a very special 2-part presentation series entitled, “Properly Preparing the Form 706 (Estate Tax Return)”.

On these two in-depth 90-minute programs, you will learn:

  • How to successfully navigate the Form 706, line-by-line
  • How to complete the new Schedule PC
    • Line 7 worksheet instructions
    • Dollar amount limitations
  • The ins and outs of the new “Portability” rules
  • How the rules actually work - - using common examples
  • The impact of choosing Portability - - or not - - for different types of clients, including the income tax consequences
  • How to avoid malpractice traps associated with Portability
  • Overlooked GST issues relating to Portability and the $5.43 million exemption
  • The traps and tricks of other key 706 schedules, unrelated to Portability
  • And much, much more!
  • Program Title: Properly Preparing the Form 706 (Estate Tax Return): A 2-Part Series
  • Speaker:
  • Duration: 90 minutes

Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals.

In the past 20 years, he has received over 150 favorable private letter rulings including several key rulings of “first impression.” Mr. Keebler is nationally recognized as an expert in estate and retirement planning and works collaboratively with other experts on academic reviews and papers, and client matters. Mr. Keebler is the author of over 75 articles and columns and editor, author, or co-author of many books and treatises on wealth transfer and taxation, including the Warren, Gorham & Lamont of RIA treatise Esperti, Peterson and Keebler/Irrevocable Trusts: Analysis with Forms.

Mr. Keebler is a member of the editorial board of the Society of Financial Service Professionals “Keeping Current” series. He is a featured columnist for CCH’s Taxes Magazine – “Family Tax Planning Forum,” Steve Leimberg’s “News of the Week Newsletter” and the Bureau of National Affairs Tax Division. Bob also had his article “Is That Your ‘Final’ Answer?” published in Tax Management Compensation Planning Journal. Bob frequently is quoted in national publications such as New York Times, Chicago Tribune, Baltimore Sun, Barrons, Bloomberg Wealth Manager, Financial Advisor, Forbes, Kiplinger, Lawyer’s Weekly, On Wall Street, The Wall Street Journal, USA Today, Wealth Manager and Worth in addition to many local and regional newspapers.

He is a frequent speaker for legal, accounting, insurance and financial planning groups throughout the United States at seminars and conferences on advanced IRA distribution strategies, estate planning and trust administration topics including the AICPA’s Advanced Estate Planning, Personal Financial Planning Conference and Tax Strategies for the High Income Individual Conference.

Mr. Keebler graduated (cum laude) from Lakeland College with a degree in Accountancy and the University of Wisconsin – Milwaukee with a Masters in Taxation. Before practicing in Northeastern Wisconsin, he practiced with Price Waterhouse where he concentrated in taxation.

IMPORTANT NOTICE REGARDING CE CREDIT

The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.

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