Individual Tax Series

Estate and Gift Tax Valuation Procedures and Basis Considerations v2.0

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.

"Important: This course was previously titled as "Estate and Gift Tax Valuation Procedures and Basis Considerations (2020)" Please be aware that the content or course code has not changed."

Learning Objectives:

  • 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.”

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.


Price (USD)

Standard: $24.95


Course Code : 99STR04-v3

Release Date : 10/27/2020
Expire Date : 10/31/2021
Credits :
CPE 1.00
QAS 1.00

Course Level : Basic
Length : 50min
Course Type : QAS Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes
Theme : Individual Tax Series

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