With income tax now more important than estate tax for most of your clients, and the
burgeoning number of decedents’ trusts and estates, you need to know…
How Trusts and Estates Are Income Taxed Differently (and the Planning Opportunities for Your Clients!)
Whether you’re a CPA, EA or tax preparer - - or an estate planning attorney or financial advisor - - this program can benefit you and your clients.
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 estate plan design, drafting and administration.
Unfortunately, unless you’ve attended an LL.M. or MBT program, you probably never learned the basics of Trust and Estate income taxation and the tax planning opportunities available.
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 - - on Wednesday, October 30, 2019 and Thursday, October 31, 2019 at 9am Pacific Time (12pm Eastern Time) for a very special 2-part teleconference entitled, “The Basics of Trust & Estate Income Taxation”.
On these two 90-minute programs, Bob Keebler (in his usual to-the-point and understandable teaching style) 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 (or, if you don’t prepare them, how to read them), including a line-by-line explanation of completed forms!
THIS TELECONFERENCE HAS BEEN CANCELLED. IF YOU WOULD LIKE TO PURCHASE THE PREVIOUS VERSION OF THIS PROGRAM YOU CAN PURCHASE THE ON-DEMAND PROGRAM OPTION BELOW.
Your purchase includes: Downloadable PDF handout materials and MP3 audio recording. A PDF transcript may be added on for an additional fee during the checkout process.