Federal Fiduciary Income Tax Workshop Seminar
Agenda
This webinar series is in three parts presented August 8, 9, and 10.
Due to content, the entire series must be registered for as a whole.
Income Taxation of Estates and Trusts: Basic Concepts and Issues
Wednesday, August 8, 2018, 12:30 – 2:35 CDT
Income Taxation of Estates: Basic Concepts and Issues
Commencement and duration of estates
Principles of income taxation of estates
Accounting methods
Taxable years
Determining tax period, making estimated payments, filing returns
Overview of changes contained in 2017 Tax Cuts and Jobs Act
Income Taxation of Trusts: Basic Concepts and Issues
Commencement and duration of trusts
Principles of income taxation of trusts
Importance of grantor trusts in income tax planning
Taxable years
Determining tax period, making estimated payments, filing returns
Fundamental Fiduciary Tax, Accounting Concepts,
Income Reportable by Fiduciaries, and Deductions Available to Fiduciaries
Thursday, August 9, 2018, 12:30 – 2:35 PM CDT
Income Reportable by Fiduciaries, and Deductions Available to Fiduciaries
Thursday, August 9, 2018, 12:30 – 2:35 PM CDT
Fundamental Fiduciary Tax and Accounting Concepts
Trust accounting income
Distributable net income
Taxable income
Income Reportable by Fiduciaries
Interest and dividend income
Business income and capital gains/losses
Rents, royalties, partnership and other income
Farm income and ordinary income
Deductions Available to Fiduciaries
General rules
Specific deductions
Income distribution deduction
Tax Calculations, Credits, Payments and Special Rules,
Special Issues and Situations, and Sample Problems for Form 1041 Preparation
Friday, August 10, 2018, 12:30 – 2:35 PM CDT
Special Issues and Situations, and Sample Problems for Form 1041 Preparation
Friday, August 10, 2018, 12:30 – 2:35 PM CDT
Tax Calculations, Credits, Payments and Special Rules
How to handle taxable income
Available credits
Payment of tax
Special Issues and Situations
Trust and estate distributions
Alternative minimum tax
Net investment income tax
Sample Problems for Form 1041 Preparation
Simple trusts
Complex trusts
Estates
Webinar Instructions
Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.
Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.
GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX 10.9 (Mavericks) – 10.13 (High Sierra)
Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
Internet connection: Minimum of 1Mbps Hardware: 2GB RAM or more
For more information visit the Support section at www.gotowebinar.com.
Credits
Accountants:
7.5 CPE Hours
Certified Financial Planners:
7.5 CFP Hours
IRS Enrolled Agents and
Other Tax Return Preparers:
7.0 CE Hours
Continuing Education Credit Information
These webinars offer accountants varying numbers of intermediate-level CPE credits in the area of taxation. See each listing for the credits available. Knowledge in federal taxation is beneficial, and no advance preparation is recommended.
HalfMoon Education Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org. Complaints can also be directed to Doug Chapman at doug@halfmoonseminars.org. Sponsor No. 103015.
HalfMoon Education Inc. is an approved CPE provider in Texas (Sponsor ID. 001151). This provider approval does not constitute approval or endorsement of individual programs.
HalfMoon Education Inc. is a CFP Board-registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. has granted continuing education credit for each of these webinars. See each listing for the credits that are available.
Each of these programs qualifies for continuing education credit for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g). See each listing for the credits that are available.
Attendance and participation during these webinars will be monitored, and attendance certificates will be emailed to participants within five business days after the webinar.
Speakers
Russell A. Willis III J.D. LL.M.
Mr. Willis is a tax lawyer, freelance writer, and consultant and advisor to lawyers, on issues related to wealth transfers. He has written numerous articles for publications serving tax and charitable gift planning professionals, and he is a frequent conference and seminar speaker throughout the country.
Three years ago, he launched a newsletter, the Jack Straw Fortnightly, analyzing current developments in the law – both tax and nontax – concerning the transfer of private wealth in this country.
Mr. Willis chaired the Steering Committee of the Probate and Trust Law Section of his local bar association and served on a legislative drafting subcommittee for the Probate and Trust Law Committee of the State Bar. He has also written numerous articles for law journals and publications.
Mr. Willis has a law degree from St. Louis University and a master’s degree in Taxation Law from Washington University in St. Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.