The huge increase in the estate tax exemption over the last 20 years massively decreased the number of returns filed annually. The knowledge needed for correct and complete filings has been lost to atrophy and retirement. This course is meant to provide a quick run-down of compliance mistakes that are both common and critical.

Specifically, the course will cover the following:

• GST Allocations on Gift and Estate Tax Returns
• Meeting the Adequate Disclosure Rules for Gift Tax Returns
• Marital Deduction and QTIP issues on Estate Tax Returns
• Timely QTIP Elections on Form 706
• Application of the Kenan doctrine
• Proper Flow of DNI to Beneficiaries
• Income Taxation of IRAs to Trusts
• Charitable Deductions on Trust Returns
• Missing the Income Tax Deduction for Estate Tax Paid
• Missing the IRC Section 645 Election

Learning Objective: Improve ability or review to file correct and complete common tax compliance for trusts and estates.