Registration:                        8:00 – 8:30 am

Morning Session:                8:30 – 11:45 am

Lunch (On your own):         11:45 am – 12:45 pm

Afternoon Session:             12:45 – 4:40 pm

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 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

   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


     8.0 CPE Hours

     8.0 New York CLE Hours
     8.0 New Jersey CLE Hours

Certified Financial Planners
     8.0 CE Hours

IRS Enrolled Agents and
Other Tax Return Preparers
     8.0 CE Hours

Continuing Education Credit Information

This seminar is open to the public. It offers 8.0 intermediate level CPE hours in the area of taxation to CPAs. Prior knowledge of estate planning and taxes is beneficial, and no advance preparation for this course is required. Courses taken from NASBA-registered CPE providers are accepted by the NYSED.

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: Complaints can also be directed to Doug Chapman at Sponsor No. 103015.

HalfMoon Education Inc. is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This traditional format course offers 8.0 CLE hours, consisting 8.0 Areas of Professional Practice hours, which are appropriate for new and experienced attorneys. Please contact provider at if tuition assistance is needed.

HalfMoon Education Inc. is a New Jersey CLE Service Provider (No. 164), and this course offers 8.0 CLE hours to New Jersey attorneys. 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 seminar.

This program qualifies for 8.0 hours of continuing education credit for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g). Course No. NHXDT-U-00063-18-I

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.


Amy Earing


Amy L. Earing is a partner with the law firm Lavelle & Finn, LLP, concentrating in the areas of estate planning, estate administration, elder law, corporate law, not-for-profit corporations and tax planning. Ms. Earing represents clients in New York, Massachusetts and Florida and frequently educates professional and community organizations about estate and elder law planning matters. Ms. Earing graduated magna cum laude from Siena College with a Bachelor of Business Administration in Accounting degree and received her Juris Doctor magna cum laude from Albany Law School. Ms. Earing is also a 2010 graduate of the Leadership Tech Valley program, an initiative of the Capital Region Chamber. She is a member of the Executive Committee of the New York State Bar Association’s Elder Law and Special Needs Section, as well as co-chair of Membership Services. Additionally, Ms. Earing is an Executive Board member of STRIDE Adaptive Sports, where she also serves as treasurer.

Martin Finn

Lavelle & Finn, LLP

Partner at Lavelle & Finn, LLP
Mr. Finn, an attorney and certified public accountant, is a founding partner of the law firm of Lavelle & Finn, LLP. Mr. Finn counsels clients on estate, financial, tax, business and elder law issues including personal and corporate tax planning, business counseling, structuring of business transactions, estate administration and estate and business succession planning. A major part of his practice involves assisting elderly clients and their families with tax and legal issues such as maximizing wealth and retirement income, governmental programs (e.g., Medicare and Medicaid) and disability planning including use of durable powers of attorney, supplemental needs trusts, health care proxies and living wills.
Mr. Finn holds a B.B.A. degree from Siena College, a J.D. degree from Albany Law School and an LL.M. degree in Taxation from New York University. He is a member of the American, New York State, Albany County and Schenectady County Bar Associations; the National Academy of Elder Law Attorneys, Inc.; the American Institute of Certified Public Accountants; and the New York State Society of Certified Public Accountants.
Mr. Finn is a frequent lecturer and with his law partner John H. Lavelle, CPA, LL.M., is co-author of The Complete Trust Course (HalfMoon Education, Inc. 2016), Cents & Sensibility: The Practical Guide to Money & Aging (iUniverse, 2006) and Estate Planning Techniques for Mid-Sized Estates (PESI, 2005). He is an adjunct professor at Schenectady County Community College and past adjunct professor at Siena College, Albany Law School and the University at Albany.