New IRS Rules for Preparing 706’s

What You Need to Know to Avoid Liability, Penalties and Late Fees!

The IRS and Treasury recently released a new set of complex proposed regulations on estate tax deductions which substantially modify the regulatory provisions surrounding the deduction of claims, expenses and interest for estate tax purposes.

Any attorney or CPA reviewing and signing 706’s must take the time to fully understand the impact of these new proposed regulations. There is one new provision alone that significantly increases the practitioner’s risk when preparing or reviewing an estate tax return. Further, the regulations also provide new appraisal requirements for certain debts and claims.

This is why we have turned to three of the nation’s leading tax and estate planning experts, Jonathan G. Blattmachr, Esq., Marty Shenkman J.D., CPA, MBA, and Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA., to put together this very timely presentation entitled “New IRC 2053 Proposed Regulations: A 706 Preparer’s Job Enhancement Act”.

In this 86-minute presentation, they will cover the following:

  • An overview of Section 2053 and critical legislative and regulatory history
  • An overview of each type of expense the changes in the new provisions
  • Will Graegin loans be relegated to the estate administration dust bin?
  • Is interest expense on a Graegin loan deductible on a present value basis?
  • Can you even have a related party Graegin loan or borrow from an ILIT or similar related party structure?
  • Is interest deductible if the estate is illiquid because of tax planning strategies
  • When is interest expense under 6161 deductible?
  • When is interest on late income, gift and estate taxes deductible?
  • How to protect your client’s against losing the deductibility
  • How to present value expenses and claims beyond the three-year grace period
  • The new appraisal requirements for debts and claims
  • How to deduct a claim for a personal guarantee
  • 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.


Includes: MP4 Video (and Audio) Recording of Presentation plus PDF handout materials.

NOTE: PDF Transcript available as an add-on for an additional fee during checkout.



Jonathan G. Blattmachr

J.D., LL.M. (Taxation)
Jonathan G. Blattmachr

Jonathan G. Blattmachr brings over 35 years of experience in trusts and estates law. He is a retired member of Milbank Tweed Hadley & McCloy and the Alaska, California and New York Bars. Mr. Blattmachr has been recognized as one of the country’s most creative trusts and estates lawyers. He writes and lectures extensively on estate and trust taxation and charitable giving and has authored or co-authored five books and over 500 articles on estate planning topics. He has served as a lecturer-in-law of the Columbia University School of Law and is an Adjunct Professor of Law at New York…

Martin M. Shenkman

Martin M. Shenkman

Martin “Marty” Shenkman, Esq., CPA, MBA is an estate planning attorney and Certified Public Accountant from Paramus, New Jersey. He received his Bachelor of Science degree from Wharton School, University of Pennsylvania 1977 with a concentration in accounting and economics. He received a Masters degree in Business Administration from the University of Michigan 1981, with a concentration in tax and finance. Mr. Shenkman is a widely quoted expert on tax matters and is a regular source for numerous financial and business publications, including The Wall Street Journal, Fortune, Money, The New York Times, and others. He has appeared as a…

Robert S. Keebler

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

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…


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.