Advanced Issues: The Art of the Estate Tax Return | 4181982C


Date :
October 23, 2018 8:30 AM - 4:30 PM
Location :
San Luis Obispo CE Week
Facility :
Embassy Suites San Luis Obispo
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Level of Difficulty :
Member Price :
Nonmember Price :
CPE Credits :
CPE 8.00, MCLE 6.50, IRS-TX 8.00, CFP 8.00, MCLE LS-EP 6.50, CTEC-TX 8.00
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Dive into strategies for preparing an estate tax return and achieving the most successful results for clients during an audit, including compliance and planning opportunities with the portability election.

Learn about the weaknesses in IRS arguments, how to secure the best appraisal results and how to effectively make portability elections. Additionally, explore the counter arguments for IRS challenges to FLPs, formula clauses, promissory note valuation and allowable deductions. Other topics include: avoiding traps in both planning and preparing Form 706; best use of administrative expense deductions; achieving the best audit results; and staying on top of refund claims. Attendees will have the opportunity to shape the course by requesting topics to be covered. These topics will either integrate into the pre-set points the instructor plans to include or added as special points for discussion in class.

Course materials include the instructor's award-winning book and latest supplement, "Estate Planning At The Movies®—The Art of the Estate Tax Return," which delivers best practices and cutting-edge strategies for estate tax savings. The course text published by Bloomberg, BNA Books, references more than 200 motion pictures related to class topics. The author and publisher have made these course materials available at a specially discounted price. The book and supplement provide valuable resources. It is not possible to cover the book in its entirety during the class.

The book and supplement are provided in pdf format at the lowest price anywhere! Remember to bring your computer or other screen-visual access course materials.

Note: Webcast participants will receive course materials in e-book format.


  • Determine how to slash estate tax liability.
  • Identify topics to make your estate tax return practice more effective.
  • Learn practice tips to avoid claims and best practices to protect your livelihood when preparing estate tax returns.
  • Determine how to best integrate estate tax return preparation into your more effective accounting or law practice.
  • Stay current with recent estate tax related developments, including opportunities and planning under the 2017 Tax Act.
  • Identify how to avoid audits and gain insight to the selection of estate tax returns for examination.
  • Determine the hottest issues and challenges with estate tax audits.

Major Subjects:

  • Deceased spousal unused exclusion amount (DSUEA).
  • Maximizing fractional interest discounts.
  • Strategic choices with estate tax versus income tax planning when preparing Form 706 including changes under the 2017 Tax Act.
  • Working with and selecting appraisers.
  • Reducing discounts on the death of the first spouse.
  • Effective planning and return preparation with FLPs and family LLCs.
  • Honing marital deduction reporting.
  • Reporting reverse QTIP elections and GST exemption allocations on Form 706.
  • Protective and perfected refund claims.
  • New rules and Form 8971 for basis reporting consistency.

Advanced Prep:

Laptop and course materials must be brought to class.

Misc. Information:

Wireless Internet access and lunch will be provided for this event and are included in your registration fee.

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Level of Difficulty:
Field of Interest:

Familiarity with estate tax return preparation and estate planning.

Designed For:

Attorneys, CPAs and tax practitioners.


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.