Federal Fiduciary Income Tax Workshop
DISCLAIMER
Before undertaking any on-demand effort, you should review the rules of your licensing/certifying entity.
It’s your responsibility to determine whether this on-demand course meets your continuing education requirements.
You must take and pass a quiz to receive credit. You can take the quiz as many times as needed and there is no time limit on the quiz.
Once the quiz is completed, you will be asked to download your certificate.
**Any on-demand programs that qualify for AIA or LACES credit will require an additional 2 business weeks for processing.
**AIA credit is not available in USB format.
Streamable MP4/PDF
You will receive an automated email letting you know when your On-Demand package is available approximately 3 business days after the date of the live event or the date of your order, whichever is later. This email will contain links to the video recording, materials, and program quiz.
To track your purchase, you will need to create an account on the website using the email address used for your registration.
For AIA requirements only, the on-demand recording will have occasional question prompts that will not allow the video to progress unless they are answered, and you will not be able to skip forward while watching the video.
Please note, if you attempt to resume watching the video on a separate device, your progress will not be saved.
Click the link which appears at the end of the video to be taken to the course quiz.
You will have unlimited access to the on-demand video recording, and it will never expire.
**Any streamable on-demand programs that qualify for AIA or LACES credit will require an additional 2 business weeks for processing.
USB MP4/PDF
HalfMoon will mail these materials via USPS.
USB orders ship approximately 3 business days after the program takes place or after the order is placed, whichever date is later. Please allow an additional 7-10 business days for shipping.
The link to the quiz will be available in a PDF in your USB drive marked QUIZ.
HalfMoon will contact you and issue a full refund if the product you ordered is not available. However, refunds will not be issued if completion certificates are requested.
Please contact HalfMoon Education if you have any questions during the process of taking this course. (715) 835-5900 or qchapman@halfmoonseminars.org
**Any USB on-demand programs that qualify for LACES credit will require an additional 2 business weeks for processing.
**AIA credit is not available in USB format.
Agenda
Webinar instructions will be emailed before the date of the webinar.
Please log into the webinar 15 – 30 minutes before start time.
Tuesday, December 19, 2023
9:00 am – 4:40 pm CST
Presented by: Tyler DeWitt & Andrew Mullendore
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
Webinar Instructions
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.
Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.
GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)
Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
Internet connection: Minimum of 1Mbps Hardware: 2GB RAM or more
For more information, visit the Support section at www.gotowebinar.com
Credits
Accountants:
8.0 CPE Hours
Attorneys:
6.5 60-minute CLE Hours (AZ, CA, CT, NH, PA, VT)
8.0 50-minute CLE Hours (NJ, NY)
IRS Enrolled Agents and Tax Return Preparers
8.0 CE Credits
Certified Financial Planners
8.0 CE Hours (Tax Planning)
Continuing Education Credit Information
This webinar is open to the public and offers accountants 8.0 CPE credit hours (based on 50-minute hours) of intermediate-level group internet-based CPE credits in the area of taxation. Knowledge in federal taxation is beneficial, and no advance preparation is recommended. NASBA Sponsor No. 103015.
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.
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).
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 course.
HalfMoon Education is an approved Multiple Activity Provider with the State Bar of California; this program offers 6.5 CLE hours to California attorneys. Halfmoon Education is a New Jersey CLE Service Provider (No. 164); this webinar offers 8.0 CLE hours to New Jersey attorneys. HalfMoon Education is an approved CLE provider for Pennsylvania attorneys (No. 1613); this webinar offers 6.5 CLE hours to Pennsylvania attorneys. This approval qualifies the webinar for Connecticut attorneys. This webinar is designed to offer 6.5 CLE credits to attorneys in Arizona and New Hampshire, where CLE providers and courses are not subject to preapproval. HalfMoon Education is an approved CLE provider for Vermont attorneys.
HalfMoon Education is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This nontraditional format course offers 8.0 Areas of Professional Practice CLE hours, which are appropriate for experienced attorneys. HalfMoon Education will provide financial hardship assistance to New York attorneys who wish to attend this event. Contact Frank Chapman at fchapman@halfmoonseminars.org for details and to apply.
Attendance will be monitored, and attendance certificates will be available after the webinar for those who attend the entire course, respond to prompts, and score a minimum 80% on the quiz that follows the course (multiple attempts allowed).
Refund/cancellation policy: Registrant cancellation two business days or more before the program may be refunded, minus a $39 cancellation fee. Registrant cancellation within two business days of the program may be refunded with a HalfMoon Education voucher to attend a different program at equal or lesser value. In the event of program cancellation, the full tuition will be refunded to registrants.
On-Demand Credits
This course, when taken in the on-demand format, is intended for educational purposes only and is not approved for any continuing education credits.
A certificate of completion will be provided.
Speakers
Tyler DeWitt, JD, CPA, MBA, MS
Founder and Attorney at DeWitt Law, PCMr. DeWitt has extensive experience advocating on behalf of clients, including individuals, small businesses, corporations, and estates. He focuses his practice on matters involving both federal and state tax controversy and litigation. Mr. DeWitt regularly represents clients facing tax-related criminal charges and investigations, IRS collections (garnishments, levies, liens, IRS Revenue Officer enforcement), disputes in U.S. Tax Court, audits, tax debt settlements, international tax issues, back tax return filings, and certain state sales and =use tax issues (both civil and criminal). In addition to his practice, Mr. DeWitt is a prolific speaker and regularly contributes his expertise as both an attorney and certified public accountant. He also serves as an Adjunct Professor of Tax and contributes to continuing education courses for lawyers and accountants. Prior to founding DeWitt Tax Law, he was a principal attorney with a tax controversy law firm; served as a tax analyst for Federal Express, a Fortune 100 company; and as a legal extern for Judge Bernice Donald, Sixth Circuit U.S. Court of Appeals.
When he is not advocating for his clients, Mr. DeWitt enjoys politics, the outdoors, football, basketball, hunting, fishing, and spending time with his family.
Andrew Mullendore, JD, CPA
Attorney at DeWitt Law, PCMr. Mullendore is an attorney who focuses primarily on federal and state taxation, administrative law, and general business matters. He provides exceptional service to clients through meticulous preparation, efficiently managing each engagement, and building a relationship with each client. Prior to attending law school, Mr. Mullendore practiced as a Certified Public Accountant, a license that he continues to maintain. He obtained experience in healthcare finance, government reporting, and federal and state tax preparation. Mr. Mullendore graduated from Vanderbilt University Law School. While attending Vanderbilt, he served as a Managing Editor of the Vanderbilt Journal of Entertainment and Technology Law. Also, he was a proud member of the Federalist Society, Transfer Student Association, and Law and Business Association. When he is not assisting clients, Mr. Mullendore enjoys sports, playing golf, and spending time with his family.