Tax Planning After a Death of a Spouse FLEXCAST

Overview

Each year, approximately 1.5 million Americans face the profound challenge of becoming widows or widowers, often finding themselves unprepared to manage finances and taxes without their spouse. The complexity of navigating estate tax returns, understanding income tax brackets, and making decisions about retirement accounts can be overwhelming during such a difficult time. This online CPE course offers a compassionate yet comprehensive solution. It guides tax professionals through the essentials of tax planning after the loss of a spouse, covering everything from filing estate tax returns to understanding the step-up in basis and the implications of selling a home. By completing this online webinar course, you will be equipped to provide invaluable assistance and guidance to those who need it most, ensuring they make informed financial decisions during a period of transition.

Highlights

Estate tax return. Income tax brackets. Step up in basis. Sale of home. Retirement accounts. Filing an estate. Portability. Form 8971.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Filing an estate tax return. Income tax brackets. Step up in basis. Sale of a home. Retirement accounts.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.