GST Tax From A to Z Webcast | 4181271A

Instructors

Date :
October 30, 2018 8:30 AM - 4:00 PM
Location :
Webcast
Facility :
Webcast Event
Level of Difficulty :
Intermediate
Member Price :
275.00
Nonmember Price :
375.00
CPE Credits :
CPE 8.00, MCLE 6.50, IRS-TX 8.00, CTEC-TX 8.00, MCLE LS-EP 6.50
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Learn the intricacies of the generation-skipping transfer tax, a complex and often counterintuitive law, and review how to recognize your clients' GST planning opportunities.

Gain practical, in-depth knowledge of GST tax compliance and trust administration issues; understand how to complete tax forms related to the GST tax; and explore advanced planning and compliance techniques with life insurance trusts. This course will also discuss how to integrate the exemption allowance with estate planning and return preparation, and learn other GST planning opportunities.

An expanded illustrated Form 709 with GST exemption allocations is included in the materials. Although the anticipated major over-hall of the Internal Revenue Code had not been enacted at the time this summary was prepared, special materials will be included to address the impact of legislative changes on GST taxation and planning.

Materials are provided as an ebook.

Objectives:

  • Recognize GST law, events, special terms, recognition of issues and tax compliance with GST tax forms.
  • Identify case examples, ranging from simple GST situations to complex applications and compliance issues.
  • Identify how to maximize the benefit of the inflation adjusted GST exemption.
  • Learn key planning tips and the traps to avoid.
  • Learn helpful tips for making timely and late allocation of GST exemption and avoid unwanted deemed allocations of GST exemption.
  • Identify sample trust provisions to avoid GST problems.

Major Subjects:

  • Events that trigger GST tax
  • Allocation rules for GST exemption
  • GST on Form 709: Allocation of exemption (current, late and protective elections)
  • Completion of Schedule R to Form 706; Forms 706GS(D) and 706GS(T)
  • Reverse QTIP elections and portability elections
  • GST tax traps with life insurance trusts and advanced planning
  • Crummey trusts
  • GST issues with subtrust funding and administration on death of first spouse
  • Impact of recent changes in law.

Advanced Prep:

None.

Misc. Information:

This course will adjourn at 4 p.m.

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Level of Difficulty:
Intermediate
Field of Interest:
Taxes
Prerequisites:

Experience with trusts and estate planning principles.

Designed For:

Tax practitioners.

Instructors

Keith Schiller, Esq.

Keith Schiller, Esq., of the Schiller Law Group, a PLC, of Alamo, California, has greater than 42 years of experience with taxation, tax compliance, and estate and business succession planning. Schiller works with clients and consults with estate planning, trust administration, estate tax, gift tax and GST tax compliance (review of returns, audits, appeals and Tax Court), and with tax practitioners throughout California.

Schiller is the author of the award-winning reference book, Art of the Estate Tax Return — Estate Planning At The Movies, now in its second edition and published by Bloomberg BNA. The book reveals Schiller’s best practice pointers, his insights from co-teaching with the IRS for 17 years, and practical recommendations from over 25 leading practitioners across the country who contributed to the book. Schiller has taught estate tax return and audit practice with IRS estate tax attorneys, group managers, and appeals officers since 1996.

Schiller is a member of the advisory board for Bloomberg, BNA’s Estates, Gifts and Trusts Journal and a member of the consulting board for the Leimberg Information Services, Inc. newsletter. He has taught over 15 courses for the CalCPA Education Foundation and received the 2000 and 2010-2011 awards for Outstanding Course Materials. Schiller is a certified specialist in taxation law and estate planning, probate, and trust law by the State Bar of California. He received a juris doctor degree from U.C. Berkeley (Boalt Hall) in 1974, master of business administration (taxation) from Golden Gate University in 1980, and a bachelor’s degree from UCLA in 1971, where he served as undergraduate student body president.

From another passion, Schiller chaired the Yosemite License Plate Campaign, during which he lobbied passage for the law approving the Yosemite license plate and directed the state-wide marketing and sales campaign. The Yosemite license plate has raised in excess of $38 million for the preservation of Yosemite and California conservation.

No Agenda or Materials posted.