Webinar instructions will be emailed before the date of the webinar.
Please log into the webinar 15 – 30 minutes before start time.
Thursday, September 22, 2022
8:30 am – 4:40 pm EDT (including a 60-min. break)
John W. Metzger & Patti Spencer
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
Income Taxation of Estates and Simple and Complex Trusts
IRS Form 1041, line by line
Expenses and deductions
Alternative Minimum Tax (AMT)
Other concepts from Form 1041 and schedules
Practical Examples to Put It All Together
Section 642(c) election example
Simple and complex trust examples
Grantor trust example
Final year example
Each webinar session earns continuing education credit and can be registered for individually. 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.
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Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
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8.0 CPE Hours
IRS Enrolled Agents and Tax Return Preparers:
8.0 CE Credits
Certified Financial Planners:
8.0 CE Hours (Tax Planning)
6.5 PA CLE Hours
Continuing Education Credit Information
This seminar and webcast 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.
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.
This course offers 6.5 CLE hours to Pennsylvania attorneys. HalfMoon Education is an approved CLE provider for Pennsylvania attorneys (No. 1613).
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 webcast version of this course. Financial planners attending the in-person seminar may earn continuing education credits from the course but will be required to apply for credit on an individual basis.
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).
Course completion certificates will be awarded to participants who complete the course in its entirety, respond to all interactive prompts, and earn a score of 80% on the quiz that follows the instruction (quiz only applies to online participants, multiple attempts allowed).
John MetzgerMetzger and Spencer, LLP
Partner at Metzger and Spencer, LLP
Mr. Metzger is currently a partner in the Lancaster firm of Metzger and Spencer, LLP, where he practices in the areas of taxation, probate, trusts, estate planning, business entities, real estate, orphans court practice, orphans court litigation and zoning law. Mr. Metzger previously served as the tax partner of the law firm May, Metzger and Zimmerman, LLP where he had practiced for a number of years. He received his B.A. degree, cum laude, from the University of Richmond and his J.D. degree from Temple University School of Law. Since 1990, he has been chairman of the Lancaster Township Zoning Hearing Board. Mr. Metzger is a member of the Elderly Referral Committee, the Fee Dispute Committee, the Awards Committee (chairman), the Diversity Committee, and the Corporate and Business Law Committee of the Lancaster Bar Association. He is also a member of the Pennsylvania Bar Association’s Corporate, Banking and Business Law Section and Real Property, Probate and Trust Section.
Patti SpencerMetzger and Spencer, LLP
Partner at Metzger and Spencer, LLP
Ms. Spencer has been practicing law for 35 years and continues to focus her practice on estate planning, probate, trusts, taxation, and closely-held business issues. She often works as a consultant to other attorneys and financial professionals in estate planning, trust and taxation matters as well as serving as an expert witness in fiduciary litigation. Before founding Spencer Law Firm in 1996, Ms. Spencer was the head of the Personal Trust Department at a regional bank in Pennsylvania before returning to private practice in 1996. She is currently a partner in the Lancaster firm of Metzger and Spencer LLP. Ms. Spencer graduated summa cum laude from Dickinson College and received her J.D. and LL.M. degrees in Taxation from Boston University School of Law. She is a member of the Pennsylvania and Massachusetts bars. She taught Estate and Gift Tax Law in the Boston University School of Law Graduate Tax Program for eight years. Her column, Taxing Matters, appeared weekly in the “Business Monday” section of the Lancaster Intelligencer Journal for 14 years. She is a frequent lecturer and is the author of numerous articles on estate planning topics. Ms. Spencer was named one of Pennsylvania’s Top 50 Business Women for 2000 and has been elected as a fellow to the American College of Probate and Trust Counsel. A new edition of Your Estate Matters, a book which is a compilation of Ms. Spencer’s columns, was published in January 2015. Your Estate Matters is currently available online and can be purchased at the offices of Spencer Law Firm LLC. Ms. Spencer is also the author of a reference book for lawyers, Pennsylvania Estate Planning, Wills and Trusts Library Forms and Practice Manual, originally published 2007, 2 volumes, 1,500 pages, 280 forms, updated annually. It is available from Data Trace Publishing Company.