Program Details
2026-10-23 14:30:00
Over 1,000+ webinars
Course Overview
2026-10-23 14:30:00
2h CLE Credits
Intermediate
2
2:30 pm - 3:30 pm ESTThis session covers how to build a defensible date-of-death basis file for estates that fall below the federal estate tax filing threshold and will never produce a Form 706. Attorneys will learn the IRC § 1014 step-up rules, the asset-by-asset documentation standards for real estate, securities, business interests, and other property, and the record-retention obligations that run for the entire holding period. Attendees will leave with a practical framework for advising executors and beneficiaries on preserving the step-up before comparable data disappears.
Gary D. Altman 3:40 pm - 4:40 pm ESTThis session walks attorneys and tax practitioners through the complete lifecycle of a real property sale by an estate: computing gain or loss from the stepped-up basis, reporting on Schedule D and Form 8949 within Form 1041, navigating the 3.8% Net Investment Income Tax under the compressed trust and estate brackets, and managing FIRPTA and state nonresident withholding at the closing table. Attendees will learn how capital gains are allocated between the estate and beneficiaries, when losses pass through on Schedule K-1, and how common reporting errors — including personal-use property traps, omitted 1099-S sales, and installment sale defaults — create liability. Practitioners will leave with a working framework for advising executors, closing attorneys, and accountants on real property estate dispositions reported on Form 1041.
Gary D. AltmanGary D. Altman is the Founder and Chair of Altman & Associates, a Washington-metropolitan-area law firm whose practice areas include trust and estates taxation, probate and estate administration, and estate planning. He has practiced law since 1980 and holds an LL.M. in Taxation from Georgetown University Law Center, pairing tax training with nearly three decades of practice devoted exclusively to estate planning. His work includes counseling clients on wealth transfer, contested estates, trusts, and probate matters.
Gary D. Altman is the Founder and Chair of Altman & Associates, a Washington-metropolitan-area law firm whose practice areas include trust and estates taxation, probate and estate administration, and estate planning. He has practiced law since 1980 and holds an LL.M. in Taxation from Georgetown University Law Center, pairing tax training with nearly three decades of practice devoted exclusively to estate planning. His work includes counseling clients on wealth transfer, contested estates, trusts, and probate matters.
Requirements
The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.
Formats
