SOP2302. Post-Mortem Income Tax Planning: What Do You Need to Know and Do When a Client Dies?

THIS SESSION WILL DISCUSS THE FOLLOWING TOPICS: PROTECTING THE FIDUCIARY, ESTATE’S FISCAL YEAR ELECTION, ADMINISTRATION EXPENSE ELECTION, ALTERNATE VALUATION ELECTION, SECTION 643(E) ELECTION, PORTABILITY, QTIP ELECTION, QUALIFIED DOMESTIC TRUSTS, DISCLAIMERS, DEATH OF A PARTNER, S CORPORATION STOCK, SECTION 645 ELECTION, SECTION 6166 DEFERRAL OF ESTATE TAX AND GENERATION SKIPPING TAX ELECTIONS.

Learning Objectives:

• Determine the various tax and estate planning elections available to the fiduciary after a client dies.
• Identify how to make various post-mortem elections on a tax return or submission to the IRS