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Presenter: Jonathan K. Beer

Seminar Date:

Seminar Location: Grand Rapids, MI

Courtyard by Marriott Downtown
11 Monroe Ave. NW
Grand Rapids, MI 49503
Phone: 616-242-6000

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

   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 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

   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

Credit Information:

Who Should Attend

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

Accountants
     8.0 CPE Credits

Attorneys
     Non-Credit Michigan CLE

IRS Enrolled Agents and
Other Tax Return Preparers
     8.0 CE Hour

Certified Financial Planners
     8.0 CFP Hours


Continuing Education Credit Information

This seminar is open to the public. This intermediate level, group live course offers accountants 8.0 CPE hours in the field of taxes. A basic level of federal tax and estate knowledge is suggested, and no advance preparation is required.

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.

This course offers a non-credit continuing legal education opportunity to Michigan 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 and other tax return preparers under Treasury Department Circular #230 Section 10.6(g).

Attendance will be monitored, and attendance certificates will be available after the seminar for most individuals who complete the entire program. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.

Speakers:

Jonathan K. Beer

Attorney with Miller Johnson in Grand Rapids, Michigan

Mr. Beer is in the Private Client Group. He began his career working in tax compliance and consulting, focusing on fiduciaries and international families/persons. Mr. Beer continues to draw on those skills in working to resolve client concerns in the areas of estate and wealth transfer planning, trust and estate administration and taxation. He uses his technical tax background to anticipate potential estate, gift, and income tax issues.

He earned his J.D. degree from Brigham Young University Law School and an LL.M. degree in Taxation from Northwestern University School of Law. Mr. Beer is an active member of his community, focusing especially on the welfare of children. Volunteer involvement includes school board service for the Grand Rapids Child Discovery Center, being a foster parent and being active as an adult in scouting. He is fluent in German.

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.