As high-net-worth clients continue preparing for the impact of the TCJA sunset provisions, tax professionals must understand the increasingly complex compliance requirements surrounding estate and gift tax reporting. Proper handling of portability elections, GST tax allocations, valuation reporting, and filing procedures is essential to reducing audit risks and preserving valuable tax benefits.
This webinar will provide a practical understanding of Forms 706 and 709, focusing on current 2026 reporting requirements, estate and gift tax compliance strategies, and common filing challenges encountered by practitioners handling high-value transfers and estate planning matters.
Participants will learn how to determine when gift tax returns are required, properly execute portability elections, allocate GST exemptions, and apply adequate disclosure standards to reduce IRS scrutiny. The session will also address valuation concerns for closely held businesses, real estate, trusts, and other hard-to-value assets frequently examined during IRS estate and gift tax reviews.
Through practical examples, procedural guidance, and compliance-focused instruction, attendees will gain the knowledge necessary to confidently prepare Forms 706 and 709 while minimizing common reporting mistakes and procedural errors.
Understanding the impact of the TCJA sunset provisions on estate and gift tax planning
Determining which transfers require Form 709 filing
Annual exclusion limits and split-gift election requirements
Proper preparation and filing procedures for Form 706
Portability election requirements and Deceased Spousal Unused Exclusion (DSUE) considerations
Why Form 706 may still be necessary even when no estate tax is due
Generation-Skipping Transfer (GST) tax rules and exemption allocations
GST reporting requirements on Forms 706 and 709
Valuation standards for hard-to-value assets, including:
Understanding “Adequate Disclosure” requirements and statute of limitations protection
Crummey powers and annual exclusion trust planning considerations
Managing large 2025 gifts reported on 2026 filings
Extension procedures and timely payment requirements for estate and gift taxes
Common Form 706 and Form 709 preparation mistakes and audit risks
IRS scrutiny areas and valuation dispute considerations
Best practices for estate and gift tax documentation and compliance
Practical strategies for minimizing estate and gift tax reporting exposure
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Tax Attorneys and Estate Planning Attorneys
Tax Preparers and Tax Advisors
Bookkeepers and Accounting Professionals
Tax Managers and Controllers
Trust Officers and Wealth Management Professionals
Estate and Trust Compliance Professionals
Business Owners involved in estate and succession planning
Professionals responsible for estate, gift, and GST tax reporting
Anyone seeking practical guidance on Forms 706 and 709 compliance requirements
IRS / CPE Credits: 2.0 TAX
Delivery Method: Group Internet-Based
Session Format: Live Virtual Webinar with Q&A
Program Level: Intermediate
Prerequisites: Basic understanding of estate and gift tax concepts
Attendance Requirement: Required for live CPE credit
Overview of current estate and gift tax reporting requirements for 2026
Understanding the impact of the TCJA sunset provisions on estate and gift tax planning
Determining which transfers require Form 709 filing
Annual exclusion limits and split-gift election requirements
Proper preparation and filing procedures for Form 706
Portability election requirements and Deceased Spousal Unused Exclusion (DSUE) considerations
Why Form 706 may still be necessary even when no estate tax is due
Generation-Skipping Transfer (GST) tax rules and exemption allocations
GST reporting requirements on Forms 706 and 709
Valuation standards for hard-to-value assets, including:
Understanding “Adequate Disclosure” requirements and statute of limitations protection
Crummey powers and annual exclusion trust planning considerations
Managing large 2025 gifts reported on 2026 filings
Extension procedures and timely payment requirements for estate and gift taxes
Common Form 706 and Form 709 preparation mistakes and audit risks
IRS scrutiny areas and valuation dispute considerations
Best practices for estate and gift tax documentation and compliance
Practical strategies for minimizing estate and gift tax reporting exposure
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Tax Attorneys and Estate Planning Attorneys
Tax Preparers and Tax Advisors
Bookkeepers and Accounting Professionals
Tax Managers and Controllers
Trust Officers and Wealth Management Professionals
Estate and Trust Compliance Professionals
Business Owners involved in estate and succession planning
Professionals responsible for estate, gift, and GST tax reporting
Anyone seeking practical guidance on Forms 706 and 709 compliance requirements