What Every Estate Planner Needs to Know About
Final IRS Regulations for Basis Consistency
How to Successfully Complete IRS Form 8971 and
Navigating the Final Consistency Basis Rules
The executor of any new estate that is required to file a Form 706 must understand the basis consistency rules and file Form 8971, “Information Regarding Beneficiaries Acquiring Property From a Decedent”. The IRS just released final regulations for basis consistency, which now affects Form 8971. On the surface, the new reporting seems manageable; however, it can be quite complicated.
This is why we have turned to one of the nation’s leading tax and estate planning experts, Robert S. Keebler CPA/PFS, MST, AEP (Distinguished) to put together this very timely presentation entitled “Final Regulations Consistent Basis Rules”.
In his exclusive presentation, Bob Keebler will discuss the many issues estate planners and administrators will need to work through to comply with the Code and protect the estate, beneficiaries, and themselves.
In this 76-minute presentation, Bob will cover the following:
- Review the statutory source of the requirement (Sections 1014(f), 6035, 6662, and 6724)
- In depth analysis of the IRS final regulations on the Consistent Basis Rules
- Funding trusts and basis rules
- Changes to the Zero Basis Rule
- Probate litigation disclosure requirements
- When Form 8971 is required
- Understanding the exemptions
- Term interests and life estates
- Contingent interests
- After-discovered property
- The Subsequent Filing Requirement
- Assets with IRD, including IRAs
- Assets passing to charity
- Assets passing to a spouse
- And much more!
Your purchase includes an instantly downloadable video and audio recording and PDF handout materials. A PDF transcript is available as an add-on for an additional fee.
- Program Title: Final Regulations Consistent Basis Rules
- Speaker: Robert S. Keebler
- Duration: 76 minutes
Purchase
ABOUT THE SPEAKER
Robert S. Keebler
CPA/PFS, MST, AEP (Distinguished)
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) 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 Planners & Councils. 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. 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…
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.