Agenda

A two-day webinar series!
Day One Agenda
Tuesday, May 19, 2020, 11:00 am – 3:00pm EDT (including a 30 min break)

 

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

 

Day Two Agenda
Wednesday, May 20, 2020, 11:00 am – 3:00pm EDT (including a 30 min break)

 

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

 

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 10.9 (Mavericks) – 10.14 (Mojave)

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

Attorneys
     6.75 General CLE Hours

Accountants 
     8.0 CPE Hours

Certified Financial Planners
     8.0 CE Hours

IRS Enrolled Agents &
Other Tax Return Preparers
     8.0 CE Hours

Continuing Education Credit Information

This seminar is open to the public. The Ohio Commission on CLE has approved this course for 6.75 General CLE hours for attorneys.

This group live, intermediate level lecture presentation offers 8.0 CPE hours in the area of taxation to accountants. A basic knowledge of federal taxation is recommended, and no advance preparation is required. The Ohio Board of Accountancy accepts sponsors listed on the NASBA National Registry of CPE Sponsors.

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 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).

Attendance will be monitored and reported, as required. 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

Brandon A. Borgmann

Brandon A. Borgmann Attorney at Carlile Patchen & Murphy LLP   
Mr. Borgmann represents individuals, business owners, and families with respect to estate planning, tax planning, and business succession planning. He also represents executors and trustees with respect to administration of estates and trusts, probate litigation, and taxation. Mr. Borgmann received his undergraduate (B.S.) in Communications from Ohio University in 2004. He received his law degree (J.D.), summa cum laude, from Capital University Law School in 2007.  Mr. Borgmann is a former Chair of the Elder and Special Needs Law Committee of the Ohio State Bar Association and the former Probate Committee Chair of the Columbus Bar Association. He has served as an adjunct professor at Capital University Law School, teaching courses in estate tax, gift tax, and the income taxation of trusts and estates. Mr. Borgmann is also a member and immediate past President of the Capital University Law School Alumni Board. 

Matthew Henoch

Hahn Loeser & Parks LLP

Attorney at Hahn Loeser & Parks LLP
Mr. Henoch is an attorney with Hahn Loeser in Cleveland, Ohio. He focuses his practice in estate planning and probate litigation. He is experienced in all aspects of estate planning, including income tax, estate tax, gift tax, generation-skipping transfer tax, charitable planning, business succession planning, and drafting of wills, trust agreements and powers of attorney. Mr. Henoch also represents estates, trusts and beneficiaries in probate litigation. He has represented clients in multimillion-dollar probate litigation involving claims of undue influence, lack of mental capacity and breach of fiduciary duties. Mr. Henoch also has represented closely-held family businesses in litigation and arbitration matters. He received his B.A. degree with honors from Washington University in St. Louis, Michigan and his J.D., cum laude, from Case Western Reserve University School of Law.