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Preparing Forms 706 and 709 – Understanding the Issues

Total Credits: 2 including 2 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  ACPEN Tax Institute |  Industry |  IRS Approved |  Tax
Arthur Werner
Course Levels:
2 Hours
Access for 30 day(s) after program date.




Tax compliance issues at death are sometimes confusing to practitioners because many lack experience in this area. This course provides you with a practical understanding of the issues involved in preparing the federal estate tax return, Form 706; the federal gift tax return, Form 709; and the decedent’s final federal income tax return, Form 1040.


**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objectives

* Understand the Internal Revenue Code sections dealing with Forms 706 and 709

* Describe what constitutes a gross estate

* Describe what constitutes deductions

* Describe what constitutes an incomplete gift

* Identify the basic issues as they relate to tax compliance

Major Subjects

* How to prepare a federal estate tax return (Form 706)

* How to prepare a federal gift tax return (Form 709)

* How to comply with “Portability”

* Issues involved in the preparation of the decedent’s final federal income tax return

(Form 1040)

* Various postmortem estate planning issues involved in the preparation of the

above-mentioned tax returns

* Complete understanding of estate and gift taxation

Course Materials


Arthur Werner Related seminars and products: 25

Werner-Rocca Seminars, Ltd.

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.

Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.


Mon, Oct 05, 2020 - 12:00pm to 01:44pm EDT
Wed, Oct 14, 2020 - 09:30am to 11:14am EDT
Mon, Nov 09, 2020 - 12:00pm to 01:44pm EST
Wed, Nov 18, 2020 - 09:30am to 11:14am EST
Mon, Dec 14, 2020 - 12:00pm to 01:44pm EST
Wed, Dec 23, 2020 - 09:30am to 11:14am EST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For CPAs, EAs, and attorneys
Original Recording Date 03/24/2017
Yellow Book No
Course Developer Arthur Werner
Date Added to Catalog 03/21/17

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video



Overall:      4.5

Total Reviews: 63



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"Excellent instructor"

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