Enrolled Agent Exam [Part 1] 66, Estate Tax Basics

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to determine if a Form 706 is required based on the gross estate and basic exclusion amount. • Why life insurance proceeds are a common exam trap for inclusion in the gross estate. • The critical role of the unlimited marital deduction and its U.S. citizen spouse requirement. • When and why the portability election necessitates filing a Form 706 even for non-taxable estates. • The standard nine-month filing deadline for Form 706 and the available extension. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep