INSTANT DOWNLOAD: “Final Regulations Consistent Basis Rule”

How to Properly Complete IRS Form 8971 and Comply with the Final Basis Consistency Rules

If you’re working with estates required to file a Form 706, it’s essential to understand the IRS Basis Consistency Rules — and how they impact the preparation and filing of Form 8971, “Information Regarding Beneficiaries Acquiring Property From a Decedent.”

The IRS has issued final regulations under IRC Sections 1014(f) and 6035, significantly affecting how basis reporting is handled. While these new rules may seem straightforward at first glance, they are complex and filled with compliance pitfalls that could expose executors, beneficiaries, and advisors to unnecessary risk.

To help you confidently navigate these changes, we’ve turned to one of the country’s most respected authorities in tax and estate planning, Robert S. Keebler CPA/PFS, MST, AEP (Distinguished) to put together this very timely presentation entitled “Final Regulations Consistent Basis Rules”.

In this 76-minute presentation, Bob will cover the following:

✅ The statutory sources of the new rules: Sections 1014(f), 6035, 6662, and 6724.
✅ A detailed breakdown of the IRS Final Regulations on Basis Consistency.
✅ The impact of basis rules when funding trusts.
✅ Important updates to the Zero Basis Rule.
✅ Probate litigation and disclosure requirements.
✅ When Form 8971 is required—and when it’s not.
✅ Key exemptions and exceptions under the final regulations.
✅ Special considerations for term interests and life estates.
✅ How to handle contingent interests and after-discovered property.
✅ Rules surrounding the Subsequent Filing Requirement.
✅ Reporting for IRD assets, including IRAs.
✅ How to treat assets passing to charity or a spouse.
✅ And much more!

Your purchase includes an instantly accessible video and audio recording and PDF handout materials. A PDF transcript is available as an add-on for an additional fee.