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Federal Fiduciary Income Tax Workshop

Presenter: Russell A Willis III, J.D., LL.M.

Seminar Date:

Seminar Location: Online

Register Now * Coordinator Registration Not Available.

Agenda:

This webinar series is in three parts presented August 8, 9, and 10.
Due to content, the entire series must be registered for as a whole.


Income Taxation of Estates and Trusts: Basic Concepts and Issues

Wednesday, August 8, 2018, 12:30 - 2:35 CDT

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 changes contained in 2017 Tax Cuts and Jobs Act


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, Accounting Concepts,
Income Reportable by Fiduciaries, and Deductions Available to Fiduciaries
Thursday, August 9, 2018, 12:30 - 2:35 PM CDT

Fundamental Fiduciary Tax and Accounting Concepts
   Trust accounting income
   Distributable net income
   Taxable income


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,
Special Issues and Situations, and Sample Problems for Form 1041 Preparation
Friday, August 10, 2018, 12:30 - 2:35 PM CDT

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

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.

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 will be provided for each webinar attended and will be sent via email in PDF form about five business days after the conclusion of the series.


GoToWebinar App requirements: 
Windows 7 - 10 or Mac OSX 10.9 (Mavericks) - 10.13 (High Sierra)


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.

Credit Information:

Who Should Attend

  • Accountants/CPAs
  • Certified Financial Planners
  • Enrolled Agents
  • Registered Tax Return Preparers

Accountants:
     7.5 CPE Hours

Certified Financial Planners:
     7.5 CFP Hours

IRS Enrolled Agents and
Other Tax Return Preparers:
     7.0 CE Hours


Continuing Education Credit Information

These webinars offer accountants varying numbers of intermediate-level CPE credits in the area of taxation. See each listing for the credits available. Knowledge in federal taxation 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. Complaints can also be directed to Doug Chapman at doug@halfmoonseminars.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 continuing education credit for each of these webinars. See each listing for the credits that are available.

Each of these programs qualifies for continuing education credit for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g). See each listing for the credits that are available.

Attendance and participation during these webinars will be monitored, and attendance certificates will be emailed to participants within five business days after the webinar.

Speakers:

Russell A Willis III, J.D., LL.M.

Director of The Greystocke Project

Mr. Willis is a freelance writer and a consultant in transfer tax planning. For ten years, he wrote for a subscription website that provided daily coverage and in-depth analysis of developments in tax law affecting charitable gift planning.

A practicing lawyer in St. Louis, Missouri, for more than 20 years, Mr. Willis chaired the Steering Committee of the Probate and Trust Law Section of the local bar association and served for years on a legislative drafting subcommittee of the Probate and Trust Law Committee of the State Bar.

As an adjunct member of the faculty at the St. Louis University School of Law, he taught courses in future interests and tax-driven estate planning. Mr. Willis has written numerous articles for law journals and publications serving the charitable planned giving profession, and he has been a frequent speaker at seminars for lawyers and for charitable gift planners.

Mr. Willis has a law degree from St. Louis University and a master’s degree in Taxation Law from Washington University in St Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.

Tuition Costs:

Standard Tuition: $250.00
Online Tuition (pre-registration): $250.00

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