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One Big Beautiful Bill Essentials: Filing Forms 1041 & 706


  • EVENT DATE:

    Jul 17, 2026

  • PRESENTER(s): Julieanne E. Steinbacher

  • 01:00 PM ET | 12:00 PM CT | 10:00 AM PT | 180 Minutes

  • Product Code::TL060



Description

One Big Beautiful Bill Essentials: Filing Forms 1041 & 706 :- 

This course provides the practitioner with a practical understanding of Federal estate law. We will examine Forms 1041 and 706 and will address how and when to prepare each form. We will also discuss planning suggestions to minimize taxation where possible for clients.

Preparing returns for estates can be difficult, especially if you do not prepare these kinds of returns often, but these services are vital for our clients.

Learning Objectives :- 

  1. Form 1041 and 706 preparation.
  2. Compliance issues and key topics including asset valuation, deductions, tax liability and portability elections.
  3. Descendent 1040 preparation and planning discussions to minimize taxability.

Area Covered in this session :-

  1. Preparation of forms 1041 and 706.
  2. Estate income, common examples and proper reporting on form 1041.
  3. Six major components of Form 706 to ensure compliance. 
  4. Determining Tax Liability. 
  5. Portability elections, their availability and use.  
  6. Asset valuation and deduction compliance and their impact on tax calculations.
  7. The ins and outs of the “portability” rules, including how the rules actually work using common examples.
  8. Issues involved in the preparation of the decedent’s final federal income tax return (Form 1040).
  9. Income tax consequences.

After attending and participating in this webinar, you will be able to :-

  1. Successfully and correctly complete forms 1041 and 706.
  2. Understand and obey compliance requirements for forms 1041 and 706.
  3. Understand asset valuation, estate deductions, and correctly ascertain the impact on tax liability.
  4. Explain tactics to assist clients in estate planning to minimize future tax liability.

    Who Should Attend?

    • CPA
    • Enrolled Agents (EAs)
    • Tax Professionals
    • Attorneys
    • Other Tax Preparers
    • Finance professionals
    • Financial planners

    Credits and Other information:

    • Recommended CPE credit – 3.0
    • Recommended field of study – Taxes
    • Session Prerequisites and preparation: None
    • Session learning level: Basic
    • Location: Virtual/Online
    • Delivery method: Group Internet Based
    • IRS CE Provider: #PUPOT
    • IRS Course ID: PUPOT-T-00016-25-O
    • Attendance Requirement:  Yes
    • Session Duration: 3 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference


    Speaker Profile:

    Julieanne E. Steinbacher

    Julieanne is the President of Estate & Long-Term Care Planning, Inc., a company which provides continuing education for professionals in Pennsylvania and coaching for attorneys throughout the nation. Julieanne has lectured extensively for Pennsylvania State University Tax Institutes and Tax Week, PICPA-Pennsylvania Institute of Certified Public Accountants, National Association of Tax Practitioners-PA Chapter, Pennsylvania Society of Public Accountants, Elder Law Institute, Pennsylvania Bar Institute, Pennsylvania Bar Association Annual Meeting, Back to Basics, Tax Pro Seminars, and the University of Illinois.


    - IRS CPE Credits: 3 (Taxes)                    This Program has been approved

    - IRS CE Provider ID: #PUPOT                         for 3 CPE hours under IRS.




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