Individual Tax Series

Estate and Gift Tax Valuation Procedures and Basis Considerations (2018)

Course Overview
This course introduces the valuation methods used to establish fair market value for transfer tax purposes. It discusses the benefits of buy-sell agreements along with the alternative valuation date election. It reviews the rules for the determination of the basis of both gifted and inherited property. The concept of income in respect of a decedent and its income and transfer tax impact is also covered.

Learning Objectives:

After completing this course, the course participant should be able to:
  • Identify the valuation techniques used to determine the fair market value of gifted and inherited property.
  • Specify the nature of and benefits from instituting a buy-sell agreement.
  • Identify when the alternative valuation date election can be beneficially used.
  • Determine when the penalty for valuation understatements can be imposed.
  • Recognize how the basis of gifted property is determined.
  • Calculate the basis of inherited property.
  • Recognize the significance and tax treatment of items of "income in respect to a decedent."

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
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    Prerequisites/Advanced Preparation:


    Speaker / Author:

    Paul J. Streer
    Paul J. Streer, PhD, CPA, is a Professor of Accounting at the J. M. Tull School of Accounting in the Terry College of Business at the University of Georgia, where he teaches graduate-level tax courses in partnerships and personal financial tax planning. He has published numerous articles in professional and academic journals. He is an active instructor and author of CPE courses, which he teaches at both the state and national levels.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS


    Price (USD)

    Standard Rate: $24.95


    Course Code : 99STR04-v2

    Release Date : 04/20/2018
    Expire Date : 04/20/2020
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Taxes

    Theme : Individual Tax Series

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