Practical Considerations with Portability Elections
Keith Schiller, Esq., of the Schiller Law Group, a PLC, of Orinda, California, has greater than 38 years of experience with taxation and estate and business succession planning. Keith works with clients and consults with estate planning, trust administration, and tax practitioners throughout California.
Keith is the author of the award-winning reference book, Estate Planning At The Movies® — Art of the Estate Tax Return, now in its Second Edition and published by Bloomberg BNA. The book reveals Keith’s best practice pointers, his insights from co-teaching with the IRS for 17 years, and practical recommendations from over 25 leading practitioners across the country who contributed to the book. Keith has taught estate tax return and audit practice with IRS estate tax attorneys, group managers, and appeals officers since 1996.
Keith is a member of the Advisory Board for BNA’s Gifts and Trusts Journal and the Consulting Board for the Leimberg Information Services, Inc.® Newsletter. He has taught over 11 courses for the CalCPA Education Foundation and received the 2000 and 2010-2011 awards for Outstanding Course Materials.
Keith is a certified specialist in Taxation Law and Estate Planning, Probate, and Trust Law by the State Bar of California. He received a J.D. Degree from U.C. Berkeley (Boalt Hall) in 1974, MBA (Taxation) from Golden Gate University in 1980, and an A.B. degree from UCLA in 1971, where he served as Undergraduate Student Body President.
From another passion, Keith chaired the Yosemite License Plate Campaign, during which he lobbied passage for the law approving the Yosemite License Plate and directed the state-wide marketing and sales campaign. The Yosemite License Plate has raised in excess of $25 million for the preservation of Yosemite and California conservation.
Mr. Schiller will be discussing the topic of Pratical Considerations with Portability Elections.
1. Portability elections as estate tax insurance
2 Income tax versus estate tax planning
3. Control over the portability election
4. Simplified versus traditional reporting
5. Late elections and the closing door
6. Income tax basis adjustments