Income and Fiduciary Tax Issues for Estate Planners, Part 2 Out of Stock
OnDemand
Ratings |
|
Standard Price | |
Member Price | |
Size | |
Color | |
Qty |
Product Details
Understanding fiduciary income taxation the taxation of grantor and non-grantor trusts, complex and simple trusts is essential to trust planning. It impacts the type of trust chosen, how its structured and administered. Recently changes to federal tax law have added to the complexity of fiduciary income taxation. The tax treatment of trust income and accounting for distributions and expenses varies depending on the type of trust involved and how Distributable Net Income is allocated. The 3.8% on distributable net income adds a significant planning consideration when you advise trusts. This program will provide you with a real-world guide to the essential rules, timeframes, planning techniques and traps of the taxation of trusts.
Part 2:
-Practical income allocation for simple, complex and grantor trusts
-Specific allocation rules for DNI Tier System, Separate Share Rule, 65 Day Rule, specific bequests
-Charitable giving tax treatment and practical impact
-Treatment of depreciation, administrative expenses, and allocation to income
-Trust terminations capital loss carryover and excess deductions
About the Speaker
Jeremiah W. Doyle, IV is senior vice president in the Boston office of BNY Mellon Wealth Management, where he provides integrated wealth management advice to high net worth individuals on holding, managing and transferring wealth in a tax-efficient manner. He is the editor and co-author of Preparing Fiduciary Income Tax Returns, a contributing author of Preparing Estate Tax Returns, and a contributing author of Understanding and Using Trusts, all published by Massachusetts Continuing Legal Education. Mr. Doyle received his B.S. from Providence College, his J.D. from Hamline University Law School, and his LL.M. in banking from Boston University Law School.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Estate Planning & Probate and 1.0 Taxation Law Specialty Credit Hour.
This seminar is an Intermediate level program.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213153ADT