Recorded on March 18, 2026, this estate and trust taxation course provides a deep dive into the technical and compliance-driven aspects of fiduciary taxation and estate planning. Designed for professionals handling complex client scenarios, this course emphasizes real-world application of tax law to estates, trusts, and intergenerational wealth transfers.
Participants will gain clarity on how to properly report income, deductions, and distributions through Form 1041, determine filing requirements for Form 706, and navigate gift tax reporting under Form 709. The course also explores portability elections, generation-skipping transfer (GST) considerations, and the impact of lifetime gifting on estate tax exposure.
Special attention is given to advanced planning tools such as irrevocable trusts, charitable structures, and strategies that reduce taxable estates while maintaining control and flexibility.
Learning Objectives
- Interpret fiduciary income tax reporting requirements for estates and trusts
- Determine when estate tax returns (Form 706) must be filed
- Apply gift tax rules and annual exclusion thresholds
- Evaluate portability election and GST tax implications
- Assess valuation of gross estate and includable assets
- Implement advanced trust strategies for tax minimization
- Identify compliance risks and filing deadlines
This course counts for 2 hours of IRS CE under the category of Federal Tax Law Related Matters.
About the Presenter:
Dr. Bart A. Basi, the Senior Advisor at The Center for Financial, Legal & Tax Planning, Inc., is a distinguished attorney and CPA, who also holds a Doctorate in Economics. As a Tax Course Instructor for the Internal Revenue Service’s Annual Filing Season Program, he educates tax preparers nationwide. Licensed in Illinois and New York, and admitted to the United States Supreme Court, Dr. Basi imparts expertise to CPAs and attorneys on financial, legal, and tax matters. Renowned as a sought-after speaker, he addresses audiences on topics including taxes, mergers, acquisitions, succession planning, and valuations for private companies. Additionally, Dr. Basi serves as a trusted advisor, guiding businesses through the complexities of inflation and economic impacts on strategic decision-making for private companies.
