Description

Choose the way you want to learn!

This program will be presented simultaneously live, in-person and live online!
There is also the Self Study options. (see below)

* If you choose to attend the live in-person seminar, please note that the seminar manual will be provided as PDF document, which will be emailed to you shortly before the seminar. If you wish to pay $20 to obtain a paper copy of the manual, please call HalfMoon customer service at 715-835-5900.

Agenda

Registration
8:00 – 8:30 am CDT
Morning Session
8:30 – 11:45 am CDT
Lunch (on your own)
11:45 – 12:45 pm CDT
Afternoon Session
12:45 – 4:40 pm CDT

 

Presented by
Christian A. Klaas, CPA, MST and Ryan Wirtz, CPA, MST

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

Credits

Accountants
8.0 CPE Credit Hours

Attorneys
6.5 Illinois CLE Credit Hours

Enrolled Agents
8.0 CE Credits

Financial Planners
8.0 Credit Hours

 

Continuing Education Credit Information

This live, intermediate level lecture presentation offers 8.0 CPE hours in the area of
taxation to accountants. A basic knowledge of federal taxation is recommended, and no
advance preparation is required.

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. Sponsor No. 103015.

The Illinois MCLE Board has approved this course for 6.5 general credit hours.

HalfMoon Education Inc. is a CFP Board-Registered continuing education sponsor. The
Certified Financial Planner Board of Standards, Inc. has granted 8.0 hours of continuing
education credit for the completion of this webinar/seminar.

This webinar/seminar provides 8.0 continuing education credit hours 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.

In-person attendance will be monitored, and attendance certificates will be available
after the seminar for most individuals who complete the entire event. Attendance
certificates not available at the seminar will be mailed to participants within fifteen
business days.

Completion certificates will be awarded to participants who complete this event online,
respond to all prompts, and earn a passing score (80%) on the quiz that follows the
presentation (multiple attempts allowed).

Speakers

Christian A. Klaas

Mr. Klaas, CPA, MST, specializes in fiduciary, estate and individual income taxation and working with large family groups. Mr. Klaas taught as an undergraduate/graduate tax instructor at Purdue University Northwest. He received his B.S. degree with concentrations in Accounting and Finance from Purdue University Northwest and received his M.S. degree in Taxation from DePaul University. He has spoken on various occasions presenting on taxation of decedents, estates and trusts. Mr. Klaas serves as a 1041 subject matter expert for a national tax software development firm, has edited various professional publications and is an active member of the Chicago Estate Planning Council and Illinois CPA Society.

Ryan Wirtz

Mr. Wirtz, CPA, MST, specializes in fiduciary, charitable and individual income taxation and working with large family groups. Mr. Wirtz received his B.S. degree in Accounting from Purdue University Northwest and received his M.S. in Taxation from DePaul University. He also is member of the Illinois CPA Society.