Agenda

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 recent and anticipated developments

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
Estates

Credits

Accountants
     8.0 CPE Hours

New York Attorneys
     8.0 CLE Hours

Certified Financial Planners
     8.0 CE Hours

IRS Enrolled Agents &
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: www.NASBARegistry.org. Complaints can also be directed to Doug Chapman at doug@halfmoonseminars.org. 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.

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 tax return preparers under Treasury Department Circular #230 Section 10.6(g).Course No. NHXDT-U-00071-19-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.

Speakers

Mary Delman

Citrin Cooperman

Principal at Citrin Cooperman, New York, NY
Ms. Delman is a tax principal with nearly two decades of experience in public accounting. She specializes in all facets of wealth transfer planning, including estate, gift and generation-skipping transfer tax planning, charitable planning, fiduciary income taxes, foreign trust reporting, cross-border planning, and business succession planning. Her clients include high net worth individuals and corporate executives across various industries. The scope of Ms. Delman’s current work includes all phases of estate and gift tax planning, including advising multinational high net worth individuals and trustees, and advising closely-held business owners regarding wealth preservation strategies. Prior to joining Citrin Cooperman, she was most recently a director of personal finance services at PricewaterhouseCoopers.

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.