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

 

Presented by
Robb A. Longman

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

Maryland Attorneys
Non-Credit CLE

Virginia Attorneys
Pending

Enrolled Agents
8.0 CE Credits

Financial Planners
8.0 Credit Hours

 

Continuing Education Credit Information
This course offers accountants 8.0 CPE credit hours (based on 50 minute hours) of intermediate-level CPE credits in the areas of specialized knowledge/taxation. 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. Sponsor No. 103015.

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 for this course.

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

This course offers Maryland attorneys a non-credit CLE opportunity. HalfMoon Education has applied for Virginia CLE credits for attorneys, which is pending. Visit this course listing at www.halfmoonseminars.org for updates on this credit.

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 prompts, and earn a passing score (80%) on the quiz that follows the presentation (multiple attempts allowed).

Speakers

Robb A. Longman

Managing Member at Longman & Van Grack LLC – Bethesda, MD

Mr. Longman’s extensive background in tax law provides him with the ability to advise his clients not just on the corporate matters but the tax effects of those matters as well. In fact, as head of the firm’s Tax Practice, Mr. Longman is the former chair of Maryland State Bar Association’s Tax Section, the vice-chair of the American Bar Association’s (ABA) Section of Taxation Closely Held Businesses Committee, and a regularly speaker at tax seminars to attorneys and businesses on the latest tax law issues. He has also testified before the Maryland House of Delegates on tax legislation for the State of Maryland. Mr. Longman regularly works with his clients to devise strategies to help them minimize their taxes in their business or personal transactions. Additionally, he is a regular speaker on panels and presentations with the American Bar Association’s Section of Taxation. Mr. Longman has successfully represented many businesses, individuals, and non-profits before the Internal Revenue Service and state taxing agencies. Robb represents his clients in tax audits, in the United States Tax Court, and the Maryland Tax Court. He regularly assists his clients in resolving outstanding tax debts.

Mr. Longman represents his clients in business matters, tax planning and litigation, as well as estate planning. He regularly assists businesses with the drafting of corporate documents, contract negotiation and drafting, the use of employee agreements, and succession planning. He is a native to Washington and attended high school in Rockville, Maryland. Thus, Mr. Longman is very familiar with the various issues that face Maryland and Washington, DC, businesses and individuals. He currently lives in Bethesda, Maryland with his wife and two children.