Introduction to Trust and Estate Taxation Training Class

Course ID: 21560

Introduction to Trust and Estate Taxation Training Seminar

Gain vital skills necessary for computing and filing trust and estate taxes!

Is your understanding of essential tax planning techniques, estate planning laws and drafting techniques up to par? Devastating consequences can result when complex IRS regulations and estate planning statutes are mishandled. Don't miss this unique opportunity to learn strategies and techniques that will help you effectively represent your clients. Enroll Today!

Decrease your client's tax burden through resourceful estate planning.
Learn to help your client plan ahead in order to avoid problems down the road.
Be confident that your tax plan is in your client's best interest!
Confidently determine what is and isn't subject to the federal estate tax.
Gain confidence in federal tax return preparation by working through forms 706 and 1041 with faculty and your peers.
Receive practical guidance through the nuts and bolts of the income tax planning process.
Avoid unnecessary tax burden on the estate with clear understanding of where the line between income and principal lies.
Classify estate assets for the most favorable taxation.
Don't get caught off-guard: learn about the unique taxation challenges some trusts present.
Learn how to manage other people's money without fear of ethical violations.
Stay on the cutting edge: keep current with legislative and case law changes to align your practice with these updates.
Minimize your clients' tax exposure by staying current with regulatory changes.


	Agenda
	INTRODUCTION TO ESTATE TAX 8:30 - 9:15, Thad A. Davis When is Estate Tax Applicable? Federal Gift Tax vs. Federal Estate Tax State and Federal Estate Tax Allocating the Tax Liability Payment Process Timing Guidelines What Documents You'll Need Payment Options Consequences of Non-Payment Proper Communication With Interested Parties Generation-Skipping Transfer Tax HANDS-ON WORKSHOP: COMPLETING FORM 706 RETURN 9:15 - 10;15, Thad A. Davis INCOME TAX ON TRUSTS AND ESTATES - OVERVIEW 10:30 - 11:00, Stephen J. Bailey When is Income Tax Applicable Tax Liability Apportionment Distinguishing Income From Principal Payment Methods and Timelines HANDS-ON WORKSHOP: COMPLETING FORM 1041 RETURN 11:00 - 12:00, Stephen J. Bailey OVERCOMING TAXATION CHALLENGES IN SPECIFIC SITUATIONS 1:00 - 2:30, Jennifer M. Usrey Classifying Assets Accurately and Favorably Taking Advantage of Valuation Discounts Business Transfer Taxation Challenges Specific Trusts Taxation Requirements Effective Use of Stock Redemptions and Deferral Exceptions Taking Advantage of Deductions and Disclaimers Making the Most of Marital Deduction Mitigating the Effect of Creditor Claims on the Estate COMPLYING WITH ETHICAL OBLIGATIONS 2:45 - 3:45, Jack T. Carney Attorney's Fees Identifying the Client Handling Other People's Money Avoiding Conflicts of Interest When Representing Multiple Parties RECENT TRENDS AND DEVELOPMENTS IN THE TAXATION OF TRUSTS AND ESTATES 3:45 - 4:40, Jack T. Carney Legislative Update Recent Court Decisions What's to Come?