If You Represent Trustees and Executors
(Or Would Like To)
Or You Prepare 1041 Returns,
You Must Know This Stuff
Inside and Out - - Or Else!
Trusts and Estates typically earn lots of passive investment income like interest, dividends, rents, and capital gains.
For this reason, your clients (or prospective clients) who are Trustees or Estate Executors are about to have a very rude awakening - - when they’re hit with the “Obamacare” Net Investment Income 3.8% Tax for the first time for the tax year beginning in 2013.
And, if these Trustees and Executors don’t take the right actions for this 2013 tax year (some of which may still be available even if it recently ended) and they don’t plan properly for coming years too, they might face a hefty liability to beneficiaries - - a liability that they may look to you to help pay!
If you’re going to advise clients correctly, you can’t afford to just have a general understanding of this Net Investment Income Tax and how it affects Trusts and Estates. You need more. Join us, along with nationally renowned tax expert, Robert Keebler for an in depth discussion, “A Detailed Analysis of the 3.8% Net Investment Income Tax on Trusts and Estates, After the Final Regs”.
You need to know:
- How does the 3.8% tax and limited exemption apply differently to Trusts and Estates than to individuals?
- What are the impact of both the recent Final IRS Regs and the newly proposed second set of Regs you may not even be aware of?
- How the definitions of “DNI” and the new term “Undistributed Net Investment Income” affect the tax computation?
- What special rules apply to “CRTs” (Charitable Remainder Trusts)?
- How the CRT distribution method elections work and the best one to use?
- What special rules impact S Corp Trusts holding S Corp stock (“QSSTs” and “ESTBs”)?
- How to properly complete the 33 lines of the new Form 8960?
- Whether and how you can distribute capital gains from an Estate or Trust?
- What strategies you should on a “checklist” utilize to reduce the tax on Trusts and Estates, even if the tax year has already ended?