Overview:This comprehensive course offers the participant an understanding of the federal income taxation of trusts and decedents’ estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. We will also discuss some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries. TOPICS DISCUSSED • Types of trusts • Trustee powers • Recognition and realization of income • Elements of an estate • Taxation of Trusts and Estates • Basic concepts of estate planning
Objective:LEARNING OBJECTIVES When you complete this course you will be able to: • Understand the concept of a trust and the various types of trusts • Advise clients on filing requirements for Forms 706 and 709 • Identify the elements of an estate and grantor trusts • Minimize transfer taxes by incorporating exemptions and credits • Understand statutory provisions that mandate or protect interests of a decedent’s spouse and/or children
Designed For:CPAs, professional accountants with fiduciary tax experience, financial advisors, & estate attorneys
Prerequisites:Basic knowledge of estate and gift taxation
Member/Nonmember Fees:159 / 199
CPE:Taxes 4 hour(s)
Yellow Book Credit:N
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
If you transfer from an in-person class course to a webcast, the above policies apply.
Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.
To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.