Agenda

Webinar instructions will be emailed before the date of the webinar.

Please log into the webinar 15 – 30 minutes before start time.

Thursday, December 9, 2021
9:00 am – 4:40 pm CST (incl. a 30-min break)

 

Presented by:
Christian A. Klaas, CPA, MST
Ryan Wirtz, CPA, MST

Agenda
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

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.

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

Texas Accountants:
8.0 CPE Hours

IRS Enrolled Agents and Tax Return Preparers:
8.0 CE Credits

Certified Financial Planners:
8.0 CE Hours (Tax Planning)

Pennsylvania, California, Texas, Vermont, Arizona and
New Hampshire Attorneys:
6.5 CLE Hours

Florida Attorneys:
8.0 CLE Hours (Tax Law)

 

Continuing Education Credit Information

These webinars offer accountants 8.0, 2.0 and 8.0 CPE credit hours (based on 50 minute hours) of intermediate-level CPE credits in the area of taxation (Federal Fiduciary Income Tax Workshop, IRS Form 1065: Partnership Tax Return) and specialized knowledge (IRAs and Retirement/Estate Planning). Knowledge in federal taxation and estate planning 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 an approved CPE provider in Texas (Sponsor ID. 001151). This provider approval does not constitute approval or endorsement of individual programs.

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 Federal Fiduciary Income Tax Workshop, and 2.0 continuing education credit hours to IRAs and Retirement/Estate Planning.

Federal Fiduciary Income Tax Workshop and IRS Form 1065: Partnership Tax Return each provide 8.0 continuing education credit hours for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g).

These courses offer 6.5, 2.0 and 6.5 CLE hours to attorneys in Pennsylvania, California, Texas, Vermont, Arizona and New Hampshire. HalfMoon Education is an approved CLE provider for attorneys in Pennsylvania (No. 1613), California (No. 8370), Texas (No. 8409), and Vermont. Arizona and New Hampshire CLE providers and courses are not subject to preapproval.

HalfMoon Education Inc. is certified by the New York State CLE Board as an Accredited Provider of CLE programs. IRAs and Retirement/Estate Planning, and IRS Form 1065: Partnership Tax Return are traditional format courses offering 2.0 and 8.0 CLE hours respectively, consisting of 2.0 and 8.0 Areas of Professional Practice hours, which are appropriate for experienced attorneys.

The Florida Bar for CLE has approved Federal Fiduciary Income Tax Workshop for 8.0 CLE hours for attorneys, including 8.0 certification credits in Tax Law.

Completion certificates will be awarded to participants who complete these events, respond to all prompts, and earn passing scores (80%) on the quizzes that follow the presentation (multiple attempts allowed).

Speakers

Christian A. Klaas CPA MST

Friedman & Huey Associates LLP – Homewood, IL
Mr. Klaas is a partner at Friedman & Huey Associates, LLP. He specializes in fiduciary, estate and individual income taxation and working with large family groups. Mr. Klaas taught as an undergraduate/graduate tax instructor at Purdue University Northwest. He received his B.S. degree with concentrations in Accounting and Finance from Purdue University Northwest and received his M.S. degree in Taxation from DePaul University. He has spoken on various occasions presenting on taxation of decedents, estates and trusts. Mr. Klaas serves as a 1041 subject matter expert for a national tax software development firm, has edited various professional publications and is an active member of the Chicago Estate Planning Council and Illinois CPA Society.

Ryan Wirtz CPA MST

Friedman & Huey Associates LLP – Homewood, IL
Mr. Wirtz is a senior manager at Friedman & Huey Associates, LLP. He specializes in fiduciary, charitable and individual income taxation and working with large family groups. Mr. Wirtz received his B.S. degree in Accounting from Purdue University Northwest and received his M.S. degree in Taxation from DePaul University. He also is member of the Illinois CPA Society.

USB MP4/PDF Price: $299.00

DISCLAIMER

Before undertaking any self-study effort, you should review the rules of your licensing/certifying entity.

You must take and pass a quiz in order 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.

Videos that qualify for AIA, LACES, ASLA, or CLARB credit will require an extra week for processing.

Streamable MP4/PDF

Available approximately 1 week after the date of the live event or the date of your order, whichever is later.

To track your purchase you will need to create an account on the website using the email address used for your registration.

The video will have occasional question prompts that will not allow the video to progress unless they are answered. You will not be able to skip forward while watching the video.

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.

USB MP4/PDF

HalfMoon will mail these materials via USPS. Please allow 2 weeks from the date of purchase to receive your product. If the live seminar is in the future, please allow 5 weeks from the date of the live seminar.

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