Upon completion of this course, you should be able to: Describe the tax reporting requirements for a decedent client's final Form 1040; Recognize the key unique post-death elections and decisions that should be considered for a decedent client; Identify how to accurately answer client questions regarding tax issues for a decedent; Identify which form to utilize when applying for a federal identification number for the estate as soon as possible; Recognize rules with respect to a decedent's final tax return; Differentiate types of income or deductions which should be included on the final Form 1040 tax return; Identify elections that affect the fiduciary income tax return; Identify requirements for a qualified disclaimer as prescribed by Code Section 2518; Recognize statements with respect to electing the alternate valuation date; Identify the final income tax return due date on the date of the year following the year of death; Recognize which form IRAs and other retirement plan distributions received after death should be included on; Identify the after death personal residence sales exclusion amount; Differentiate statements with respect to items of income and deduction; Recognize the number of days estates and trusts may elect to treat all or part of distributions made to beneficiaries; Describe which code sections prescribe the requirements with respect to qualified disclaimers; Identify an act by a beneficiary whereby the beneficiary declines, refuses and renounces an interest in property otherwise bequeathed to the beneficiary; Recognize when a martial deduction will apply, even if the spouse is not a U.S. citizen, where the property passes; Identify which dates an estate has the option to report the value of the decedent's assets as of the date of death; Recognize what occurs when the death of a partner results in the basis of their interest in the partnership being adjusted.