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Federal Fiduciary Income Tax Workshop

Presenter: Christine M. Brew and 3 more

Seminar Date:

Seminar Location: White Plains, NY

Crowne Plaza White Plains
66 Hale Avenue
White Plains, NY 10601
Phone: 914-682-0050

This seminar is closed or full.

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
M. Clear

   Commencement and duration of estates
   Principles of income taxation of estates
   Accounting methods
   Taxable years
   Determining tax period, making estimated payments, filing returns


Income Taxation of Trusts: Basic Concepts and Issues
L. Tashjian

   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
B. Brunalli

   Trust accounting income
   Distributable net income
   Taxable income


Income Reportable by Fiduciaries
B. Brunalli

   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
M. Clear

   General rules
   Specific deductions
   Income distribution deduction


Tax Calculations, Credits, Payments and Special Rules
C. Brew

   How to handle taxable income
   Available credits
   Payment of tax


Special Issues and Situations
M. Clear

   Trust and estate distributions
   Alternative minimum tax
   Net investment income tax


Sample Problems for Form 1041 Preparation
C. Brew

   Simple trusts
   Complex trusts
   Estates

Credit Information:

Who Should Attend

  • Accountants/CPAs
  • Attorneys
  • Certified Financial Planners
  • Enrolled Agents

Accountants
     8.0 CPE Hours

New York Attorneys
     8.0 CLE Hours

Certified Financial Planners
     8.0 CE Hours

IRS Enrolled Agents
     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 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 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 under Treasury Department Circular #230 Section 10.6(g).Course No. NHXDT-T-00052-17-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:

Christine M. Brew

Cohen and Wolf, P.C., Westport
Ms. Brew is an associate in Cohen and Wolf’s Trusts and Estates, Tax, Elder Law and Business & Corporate Groups. Resident in the firm’s Westport office, her practice includes a wide range of estate planning, estate administration, taxation, and corporate matters. Ms. Brew assists clients in achieving their tax and assets preservation goals by providing strategic advice on legal matters related to complex estate planning issues, business succession plans, and corporate structure formation. She also aids clients in preparation and review of estate planning documents, including wills and various trusts, such as revocable, insurance and special needs trusts. Ms. Brew manages all phases of estate administration, including probate, preparation of estate tax returns, and estate tax audits. Ms. Brew is admitted to practice in the jurisdictions of Connecticut, New York, New Jersey and the United States Tax Court. She is a member of the New York and Connecticut State Bar Associations, and the Westchester and Fairfield County Bar Associations. She is also a member of the Westchester Estate Planning Counsel and is the past treasurer of the New Rochelle Bar Association. Ms. Brew also serves as the co-chair of the Tax Section of the Fairfield Bar Association and on Executive Committee and Communications Sub-committee of the Connecticut Bar Association’s Tax Section.

Beth Ann Brunalli

Davidson, Dawson & Clark LLP, New Canaan
Ms. Brunalli is a partner in the New Canaan, Connecticut, office of Davidson Dawson & Clark LLP. Ms. Brunalli graduated magna cum laude from the University of Notre Dame with a B.A. degree in 2001 and remains an enthusiastic Notre Dame football fan. She earned her J.D. degree from the University of Connecticut School of Law, with a Certificate in Tax Studies, in 2007. Ms. Brunalli was admitted to practice in Connecticut in 2007 and is a member of the Executive Committee of the Estate and Probate Section of the Connecticut Bar Association.

Michael T. Clear

Wiggin and Dana LLP, Greenwich
Mr. Clear is a partner in the firm’s Private Client Services Department. He focuses his practice on estate planning, estate and trust administration, probate litigation and business succession planning. Mr. Clear guides fiduciaries and beneficiaries through estate settlement and trust administration matters. He also assists business owners with succession planning by presenting to family groups on business/estate planning matters and by preparing business entities, shareholders’ agreements, buy-sell agreements, and grantor-retained annuity and trusts. He also facilitates the sales/purchases of business assets. Mr. Clear is a co-chair of the Probate and Estates Section of the Fairfield County Bar Association, is the president of the Fairfield County Chapter of the Exit Planning Exchange (CT XPX) and is on the Advisory Board of the Center for Family Business. He received his J.D. degree magna cum laude from the Quinnipiac University School of Law, where he served as the Executive Managing Editor of the Quinnipiac Probate Law Journal.

Luke T. Tashjian

Whitman Breed Abbott & Morgan LLC, Greenwich
Mr. Tashjian is an associate in the Firm’s Trusts & Estates, Business Law, and Tax Departments. His practice includes structuring tax efficient transactions; advising clients on the tax effects of proposed transactions; preparing estate planning and corporate documents; probating estates and preparing tax returns; representing businesses in mergers, acquisitions, and sales; forming for profit and not-for-profit entities; and representing parties in tax controversies and collection matters. Mr. Tashjian is the chair of Connecticut Bar Association’s Tax Section, a member of the Executive Committee of the Connecticut Bar Association’s Tax Section, chair of the Connecticut Bar Association’s Tax Section’s Communications Subcommittee, and co-chair of the Fairfield County Bar Association’s Tax Committee.

Tuition Costs:

Standard Tuition: $299.00
Online Tuition (pre-registration): $299.00
Group Prices
3 or more People: $279.00

Each registration includes one copy of a manual prepared by the seminar speakers.