Agenda

Webinar instructions will be emailed before the date of the webinar.

Please log into the webinar 15 – 30 minutes before start time.

Online – Wednesday, October 25, 2023
9:00 am – 5:10 pm MDT


Presented by: Catherine M. Taylor & Dulcy Niemela
Trusts and Estates Overview Including Tax Considerations

  • Basic framework for typical estate plan
  • Taxation of estates: estate tax overview
  • Taxation of estates: income tax overview
  • Taxation of trusts overview
  • Grantor trusts: income tax overview
  • Various unique types of trusts

Principles of Fiduciary Income Taxation

  • Trust accounting income
  • Distributable net income
  • Simple trusts
  • Complex trusts
  • Special rules

Income Taxation of Estates and Simple and Complex Trusts

  • IRS Form 1041, line by line
  • Income
  • Dividends
  • Capital gains
  • Other income
  • Expenses and deductions
  • Credits
  • Alternative Minimum Tax (AMT)
  • Other concepts from Form 1041 and schedules

Practical Examples to Put It All Together

  • Section 642(c) election example
  • QSST example
  • Simple and complex trust examples
  • Grantor trust example
  • Final year example

Prerequisite: Knowledge in federal taxation
Program level: Intermediate
Advanced preparation: Not required


Webinar Instructions

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.

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.

GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)

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:
8.0 CPE Hours

Attorneys:
8.0 CLE Credits 

IRS Enrolled Agents and Tax Return Preparers:
8.0 CE Credits

Certified Financial Planners:
8.0 CE Hours (Tax Planning)


Continuing Education Credit Information

This in-person seminar and simultaneous live, interactive webinar are open to the public and offer accountants 8.0 CPE credit hours (based on 50-minute hours) of intermediate-level CPE credits in the area of taxation. Knowledge in federal taxation is beneficial, and no advance preparation is recommended. Available delivery methods: Group Live and Group Internet Based. NASBA Sponsor No. 103015.

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.

The Colorado Office of CJLE has accredited this continuing legal education program for 8.0 CLE credits.

This course offers 8.0 continuing education credit hours for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g).

HalfMoon Education Inc. is a CFP Board-registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. has granted 8.0 continuing education credit hours to the course.

Attendance will be monitored, and attendance certificates will be available after the course for those who attend the entire course, respond to all interactive prompts (webinar attendees only), and score a minimum 80% on the quiz that follows the course (multiple attempts allowed).

Speakers

Dulcy Niemela

Director at Citrin Cooperman, National Accounting Firm

Ms. Niemela has over 30 years of extensive experience in High Net Worth, Tax Planning, and Trust and Estate practices. She graduated with a Bachelor of Business Administrative Accounting from Montana State University of Billings. Prior to joining Citrin Cooperman, she held a significant leadership position as a shareholder with Anderson ZurMuehlen and Company. Her deep knowledge of the High Net Worth, Tax Planning, and Trust and Estate practices field has been instrumental in guiding clients through complex financial decisions, ensuring compliance and optimizing wealth preservation. Ms. Niemela’s holistic approach to trust and estate compliance and planning positions her as a reliable partner for clients seeking expert financial guidance. At Citrin Cooperman, she leverages her expertise to provide strategic financial solutions that drive tangible results. With a track record of transforming financial challenges into opportunities, Ms. Niemela is dedicated to nurturing the financial well-being for individuals and organizations alike

Catherine Taylor

Partner with Citrin Cooperman a National Accounting firm

Ms. Taylor resides in Colorado and is an attorney whose practice is
focused in the areas of gift, estate, and fiduciary taxation and planning.
After working many years with top New York law firms, she has
brought a deep understanding of estate planning and estate and trust
administration to Citrin Cooperman, where she is now a key member
of the firm’s Trusts and Estates Practice and a member of the group’s
Advisory Board. Ms. Taylor serves as an advisor to members of the
Private Clients Practice, working closely with them, their clients, and
their clients’ attorneys and financial planners to develop strategies
for intergenerational wealth preservation, business succession, tax
mitigation, and planning for the domestic and multinational individual
and their families. She and her team provide fiduciary income tax and
estate and trust administration services, including fiduciary accounting, to
individual and corporate fiduciaries, as well as preparing estate and gift
tax returns.

Webinar Price: $319.00

Save $20 per person when registering 3 or more people.

Each registration includes a PDF copy of a manual prepared by the seminar speaker.