Description
Like U.S. residents, the estate of a nonresident alien (NRA) is valued as of the date of death or using the alternative valuation date (six months later). An exemption is applied, and certain deductions are allowed before calculating the taxable estate. NRAs are also required to report the basis of assets transferred to beneficiaries using Form 8971. Unlike residents and citizens, the exemption applied is incredibly small — $60,000 compared to a resident's exemption of $15 million (as of 2026) — making planning critical for these taxpayers.
In September 2025, the IRS redesigned Form 706-NA to improve processing efficiency. Among the changes are the addition of page three, Part V, to report the Gross Estate in the United States, and the removal of the section in Part III for authorized representation; now, Form 2848, Power of Attorney, must be filed in place of the previous section.
The revised form can be deceiving. It is simply three pages, divided into five parts. The number of required attachments and additional considerations increases the complexity of these filings. Trust and estate professionals working with multinational taxpayers need to understand how the estates of individuals located outside the U.S. are reported and taxed.
Listen as our panel of international estate tax experts explains the preparation of revised Form 706-NA and its other required forms, schedules, and attachments for nonresidents.
Presented By
Mr. Weeg is Co-Chair of the firm’s Estate Planning Department. He is Board Certified in both Tax Law and in Wills, Trusts and Estates, distinguishing him as one of twenty-nine Florida lawyers who hold dual certification in those areas of law. As both a double Board-Certified lawyer and a CPA, Mr. Weeg offers a broad depth of knowledge for his clients. His core law practice includes creating comprehensive estate plans tailored to meet clients’ personal objectives in a tax efficient manner, representing fiduciaries in probate and trust administration, and advising on income, gift, estate, and GST tax issues. Mr. Weeg currently serves on the Board of Directors of the East Coast Estate Planning Council and the Palm Beach Tax Institute. He is a Director of the Tax Section of the Florida Bar and is a Member of the Florida Bar Tax Law Certification Committee. Mr. Weeg frequently writes and presents on emerging and technical topics in tax and estate planning. He is also a co-author of the Florida Trusts chapter in Trust Laws in the United States, a treatise published by Globe Law and Business.
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
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BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
Date + Time
- event
Wednesday, December 3, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Filing requirements
II. Determining the gross estate
III. Deductions and the allowed exemption
IV. Death tax treaties
V. Preparing redesigned Form 706-NA
VI. Additional schedules
VII. Form 8971
VIII. Closing letter
IX. Obtaining and filing Form 5173, Transfer Certificate
X. Planning to reduce the taxable estate
The panel will review these and other critical issues:
- How U.S. estate and gift tax treaties affect the determination of an NRA's taxable estate
- Recent revisions made to Form 706-NA
- What assets are included in the gross estate of an NRA
- What deductions can be taken on Form 706-NA
Learning Objectives
After completing this course, you will be able to:
- Identity deductions that are allowed on Form 706-NA
- Determine how estate and gift tax treaties affect an NRA's estate
- Decide when Form 706-NA is due
- Ascertain which individuals are required to file Form 706-NA
- 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 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.
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 Strafford-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 .
Related Courses
Preparing Redesigned Form 706-NA: Estate and Gift Tax Treaties, U.S. Situs Assets, Allowable Deductions
Wednesday, December 3, 2025
1:00 p.m. ET./10:00 a.m. PT