With income tax planning now more important than estate tax planning to your clients,
and the burgeoning number of trusts and estates,
it’s imperative that you know…

The Basics of Trust & Estate Income Taxation

If you are a CPA, EA, or tax preparer, understanding how to properly prepare the Form 1041 (Federal Income Tax Return for Estates and Trusts) is both a necessity (to avoid malpractice) and an opportunity to expand your practice (and your bottom line!).

If you’re an estate planning attorney or financial advisor, understanding Trust and Estate income taxation is essential to good plan design, drafting and administration (particularly with regard to tax planning for investments and distributions, and protecting your Trustee-client).

Unfortunately, unless you’ve attended an LL.M. or MBT program, you probably never learned the basics of Trust and Estate income taxation.

Now you have a time-efficient way to do so.

Please join us and one of the nation’s leading tax experts - - Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA - -  for a very special 2-part presentation entitled, “The Basics of Trust & Estate Income Taxation”.

On these two 90-minute programs, in his usual to-the-point and understandable teaching style, Bob Keebler will cover just what you “need to know” about:

  • The core concept unique to Trust and Estate income taxation - - “DNI”
  • How different types of Trusts are treated differently for income tax purposes (“simple” vs. “complex” vs. “grantor” vs. charitable)
  • The interplay between “fiduciary accounting income”, taxable income, the income “tier” rules and the “separate share” rule
  • Planning Trust and Estate distributions to shift income and maximize the use of lower brackets
  • How to utilize the “65 day” rule to defer distributions and still shift income after the tax year is over
  • Unique limitations on “miscellaneous itemized” deductions
  • How to take advantage of the overlooked “IRD” deduction
  • What happens to excess deductions on termination of a Trust or Estate
  • Reporting (and better yet, planning to avoid) the “Obamacare” 3.8% surtax on net investment income
  • The incredibly complex Grantor Trust rules - - finally explained simply!
  • Accounting in the year of death - - a mini to-do list, including the interaction of the 1040, 1041 and 706
  • State income tax planning for Trusts
  • The overlooked income tax issues of Domestic Asset Protection Trusts
  • Plus, Bob will provide you with 5 comprehensive examples of how to prepare a 1041, including a line-by-line explanation of completed forms!
  • Program Title: The Basics of Trust & Estate Income Taxation – 2-Part Series
  • Speaker:
  • Duration: 90 Minutes

Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals.

In the past 20 years, he has received over 150 favorable private letter rulings including several key rulings of “first impression.” Mr. Keebler is nationally recognized as an expert in estate and retirement planning and works collaboratively with other experts on academic reviews and papers, and client matters. Mr. Keebler is the author of over 75 articles and columns and editor, author, or co-author of many books and treatises on wealth transfer and taxation, including the Warren, Gorham & Lamont of RIA treatise Esperti, Peterson and Keebler/Irrevocable Trusts: Analysis with Forms.

Mr. Keebler is a member of the editorial board of the Society of Financial Service Professionals “Keeping Current” series. He is a featured columnist for CCH’s Taxes Magazine – “Family Tax Planning Forum,” Steve Leimberg’s “News of the Week Newsletter” and the Bureau of National Affairs Tax Division. Bob also had his article “Is That Your ‘Final’ Answer?” published in Tax Management Compensation Planning Journal. Bob frequently is quoted in national publications such as New York Times, Chicago Tribune, Baltimore Sun, Barrons, Bloomberg Wealth Manager, Financial Advisor, Forbes, Kiplinger, Lawyer’s Weekly, On Wall Street, The Wall Street Journal, USA Today, Wealth Manager and Worth in addition to many local and regional newspapers.

He is a frequent speaker for legal, accounting, insurance and financial planning groups throughout the United States at seminars and conferences on advanced IRA distribution strategies, estate planning and trust administration topics including the AICPA’s Advanced Estate Planning, Personal Financial Planning Conference and Tax Strategies for the High Income Individual Conference.

Mr. Keebler graduated (cum laude) from Lakeland College with a degree in Accountancy and the University of Wisconsin – Milwaukee with a Masters in Taxation. Before practicing in Northeastern Wisconsin, he practiced with Price Waterhouse where he concentrated in taxation.

IMPORTANT NOTICE REGARDING CE CREDIT

The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.

Reviews

  1. Michael Vollmer, Attorney

    Great program! I think it would have been much better as a webinar instead of a teleconference, so that the speaker could highlight or circle portions of the 1041 during the lecture. 10 out of 10 from me!

    • Kristina Schneider

      Hi Michael! Thanks for your feedback. We are glad to hear that you enjoyed this 2-part program. We will do our best to incorporate a webinar platform in the future. Moving to a webinar platform has been a more challenging platform for us to move over to since we’re a small office and we do not have the technical support to assist our customers if they are unable to connect to the program like some of the larger CE companies. Our customers have also found the teleconference format with the handouts provided to you to take notes right on the slides. Thanks again for this feedback though. We will definitely consider this for our future programs like this!

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