Date: June 20 , 2025  

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 90 Minutes

Description:

Estate planning continues to evolve, and staying up to date is more important. The Tax Cuts and Jobs Act (TCJA) has significantly increased the federal estate tax exemption to $12.92 million, presenting major planning opportunities for high-net-worth clients. However, even for estates under this threshold, there’s a critical consideration: filing Form 706 after the death of the first spouse to preserve the Deceased Spouse Unused Exemption (DSUE). This step can substantially increase the estate tax exemption available to the surviving spouse.

This continuing education course offers an in-depth look at the implications of the TCJA and its upcoming sunset, which will reduce the lifetime exemption by half. With potential legislative changes looming that may further reduce exemptions, now is the time to understand how to make the most of current provisions. Join us to explore key strategies that can help safeguard your clients’ wealth amid shifting tax laws.

Major Topics Covered:

• Key Requirements for DSUE Filing
• Strategies for Maximizing the Lifetime Exclusion
• Step-by-Step Guidance on Preparing Form 706
• Real-World Case Study on Portability in Action

Learning Objectives

• Understand how to leverage the Deceased Spouse Unused Exemption (DSUE) to maximize estate tax savings
• Identify the potential risks and consequences of failing to claim DSUE
• Examine the structure and key components of IRS Form 706
• Explain what constitutes a taxable estate and how assets are valued
• Review allowable deductions that can reduce estate tax liability

Credits and Other information:

• Recommended CPE credit – 1.5
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 90 Minutes

Join us as we simplify the complexities of Form 706 preparation and, most importantly, demonstrate how to effectively secure the valuable DSUE portability benefit. The course will conclude with a practical case analysis to reinforce key concepts and strategies.

Who Will Benefit:

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

About Our Speaker

Michael Miranda
Bringing 47 years of experience with tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD.  His tax practice focuses on corporate, individual, estate and gift, and tax accounting.  He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans.  As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings and exempt organization determination letters for clients, in addition to numerous EPCRS submissions and audits.  As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.