Agenda

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

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

Monday, October 28, 2024
9:00 am – 4:40 pm CDT

 

Presented by: Angela Ferrantelli, Heather Oboda, Dulcy Niemela, Christopher DeFilippis

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 VT), 8.0 50-minute CLE Hours (NY, NJ, FL)

IRS - Internal Revenue Service
8.0 CE Credits

CFP Board - Certified Financial Planner Board of Standards
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 IRS 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.

The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 6.5 hours toward your annual CLE requirement for the State Bar of Arizona.

HalfMoon Education in an approved MCLE Multiple Activity Provider for California attorneys (No. 8370); this webinar is designed to qualify for 6.5 CLE hours to California attorneys.

This course has been approved by Florida Bar for 8.0 general CLE credits. This approval qualifies the webinar for Alaska and Connecticut attorneys.

This course has been approved by the New Jersey Supreme Court Board on Continuing Legal Education for 8.0 CLE hours.

HalfMoon Education is an approved CLE provider for Vermont attorneys.

This webinar may qualify for 6.5 CLE credits for attorneys in Arizona and New Hampshire, where CLE providers and courses are not subject to preapproval.

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).

On-Demand Credits

The preceding credit information only applies to the live presentation. This course in an on-demand format is not pre-approved by any organizations or licensing boards.

Speakers

Christopher DeFilippis

Director at Citrin Cooperman in New Jersey

Mr. DeFilippis is a partner with 20 years of tax experience. He specializes in gift, estate, and fiduciary taxation and planning. He brings a unique skill set to all areas of wealth transfer planning and compliance including estate, gift, generation-skipping transfer tax planning, fiduciary income tax, fiduciary accounting, charitable planning, and business succession planning. Prior to joining Citrin Cooperman, Mr. DeFilippis practiced law for some of New Jersey’s top law firms in the areas of estate planning, including drafting and implementing of complex estate planning documents, estate administration, estate and gift tax compliance, probate litigation, and guardianships. His legal experience provides him with a unique and well-rounded perspective in areas of the trust and estate planning and compliance that serves his clients well at Citrin Cooperman. Mr. DeFilippis is admitted to the New Jersey, New York, and Florida bars.

Angela Ferrantelli

Tax Director in Citrin Cooperman’s Trust and Estate Services Practice, White Plains, NY

Ms. Ferrantelli has a diverse background in public accounting with over ten years dedicated to delivering complex Trust, Estate, Gift and Generation Skipping Transfer Tax planning, administration, and tax services to the clients she serves. As director, She has broad national tax experience. Ms. Ferrantelli has a deep understanding of fiduciary and transfer taxes and employs a collaborative approach with clients and their advisors to ensure client goals are defined, implemented and achieved. Planning areas include multi-generational wealth preservation through transfer tax strategies, charitable giving and succession planning. She also assists individual and corporate trustees with administration services by way of providing fiduciary accounting services and complex tax analyses.

Dulcy Niemela

Director at Citrin Cooperman, National Accounting Firm

Ms. Niemela has over 30 years of extensive experience in High Net Worth, Tax Planning, and Trust and Estate practices. She graduated with a Bachelor of Business Administrative Accounting from Montana State University of Billings. Prior to joining Citrin Cooperman, she held a significant leadership position as a shareholder with Anderson ZurMuehlen and Company. Her deep knowledge of the High Net Worth, Tax Planning, and Trust and Estate practices field has been instrumental in guiding clients through complex financial decisions, ensuring compliance and optimizing wealth preservation. Ms. Niemela’s holistic approach to trust and estate compliance and planning positions her as a reliable partner for clients seeking expert financial guidance. At Citrin Cooperman, she leverages her expertise to provide strategic financial solutions that drive tangible results. With a track record of transforming financial challenges into opportunities, Ms. Niemela is dedicated to nurturing the financial well-being for individuals and organizations alike.

Heather Oboda

Partner at Citrin Cooperman in White Plains, NY

Ms. Oboda is a partner with over two decades of experience in public accounting. With a focus in trust and estates, she provides tax, financial, estate, and succession planning. She specializes in coordinating family group returns, including their entities, trusts, and private foundations, in addition to their personal returns. Ms. Oboda clients include trusts and estates, high net worth individuals, closely-held businesses. She is an active member of the firm’s Trusts and Estates Practice. Ms. Oboda has presented at a number of events and has written a number of articles relating to estate planning. She has a well-rounded background due to her experience working at firms that has exposed her to all aspects of engagements, including bookkeeping and attest work (401k and not-for-profit audits). Ms. Oboda has significant tax experience, working with corporate, partnership, S-Corp, trusts, and individual returns, awarding her with an in-depth understanding of the engagement and her client’s transactions.

Streamable MP4/PDF Price: $349.00

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