• videocam Live Webinar with Live Q&A
  • calendar_month June 11, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Estate and Gift Taxation Current Developments: OBBBA, QTIP Terminations, Life Insurance Proceeds

Final Regulations for Basis Consistency and Covered Gifts From Covered Expatriates

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About the Course

Introduction

This webinar will address the latest developments in gift and estate taxation, including the One Big Beautiful Bill Act (OBBBA), the Anenberg and McDougall cases regarding QTIP terminations, the final basis-consistency regulations, the final regulations issued on receipt of gifts from covered expatriates, and other significant legislation relative to wealth transfers. Our panel of generational wealth experts will explain which estates are impacted by recent changes and offer planning tips to minimize related transfer taxes.

Description

The Tax Cuts and Jobs Act significantly increased the estate and gift tax exemption, which was scheduled to sunset in 2026. On July 4, 2025, OBBBA made the increase "permanent." For 2026, the exemption is $15 million for individual taxpayers and $30 million for married taxpayers. Given the volatility of tax legislation, estates may need to take advantage of this record-high exemption.

Section 2801 imposes a tax, at the highest gift and estate tax rate, on "covered gifts" from a "covered expatriate." Final regulations were issued on May 15, 2025, clarifying the definitions of covered gifts and covered expatriates, and who is subject to the 40% (2025 rate) tax and reporting requirements, including the filing of the new Form 708, U.S. Return of Tax for Gifts and Bequests Received from Covered Expatriates. Trust and estate advisers need to comprehend the impact of recent legislation on estate and gift tax planning.

Listen as our panel of transfer tax experts reviews the latest developments in estate and gift tax for trust and estate professionals

Presented By

Justin D. Alt
Counsel, Private Wealth
Willkie Farr & Gallagher, LLP

Mr. Alt is counsel in the Private Clients Group, based in Los Angeles. A trusts and estates attorney with a strong background in tax law, he routinely represents estates and donors before the Internal Revenue Service (IRS) in highly complex transfer tax controversies, drafts and prepares a wide range of estate planning documents, and advises on general business and tax planning strategies. Mr. Alt previously worked as an estate tax attorney at the IRS, where he performed reviews of estate and gift tax returns, developed complex cases for litigation, and negotiated resolutions and settlements in estate and gift tax controversies.

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Dylan Metzner
Partner
Buchalter

Mr. Metzner is a Partner in the Firm’s Denver office and a member of the Tax, Benefits and Estate Planning practice group. He measures his accomplishments by the value and successful outcomes he creates for the clients he serves, including individuals with High Net Worth (“HNW”) and Ultra High Net Worth (“UHNW) estates, corporate executives, closely held business owners, and professionals. Mr. Metzner counsels individuals and families throughout the United States and internationally with their tax, estate and private wealth planning needs, guiding them through the maze of laws and practical considerations, moving each client closer to achieving goals and resolving outstanding issues.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Thursday, June 11, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I. Current developments in estate and gift taxation: introduction

II. OBBBA

III. Gift tax consequences of QTIP terminations

A. McDougall v. Commissioner, 163 T.C. No. 5 (2024)

B. Estate of Anenberg v. Commissioner, 162 T.C. No. 9 (2024)

IV. RC Section 2036 and retained rights

V. Final basis consistency regulations

VI. Final Section 2801 regulations

VII. Connelly v. United States, 602 U.S. 257 (2024)

VIII. Other developments

The panel will explore these and other critical issues:

  • The requirements for basis consistency reporting under the final regulations
  • Connelly v. United States impact on estate planning for business owners
  • The definition of a covered expatriate under Section 2801
  • Planning considerations in light of recent estate and gift tax legislation

Learning Objectives

After completing this course, you will be able to:

  • Decide what a covered gift is under IRC Section 2801
  • Determine how McDougall v. Commissioner impacts QTIP planning
  • Ascertain when new Form 708 is required to be filed for gifts from expatriates
  • Identify planning opportunities provided by OBBBA for estates
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.


BARBRI, 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .