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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 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


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
  • Registered Tax Return Preparers

Accountants
     8.0 CPE Hours

Attorneys  
     6.5 North Carolina CLE Hours
     6.5 Virginia CLE Credits

Certified Financial Planners
     8.0 CE Hours

IRS Enrolled Agents &
Tax Return Preparers
     8.0 CE Hours


Continuing Education Credit Information

This seminar is open to the public and offers 8.0 intermediate-level CPE credit hours in the area of taxation to North Carolina certified public accountants. Experience with federal taxation is recommended, and no advance preparation is necessary. The North Carolina State Board of Certified Public Accountant Examiners does not register CPE sponsors and does not approve specific CPE courses. Sponsors of CPE programs that are listed in good standing on the National Registry of CPE Sponsors maintained by the National Association of State Boards of Accountancy (NASBA) shall be considered by the Board as compliant with the CPE requirements of 21 NCAC 08G .0403(c).

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.

The North Carolina Board of CLE has approved 6.5 hours of general CLE credit for this course. The Virginia State Bar MCLE Board has approved 6.5 CLE credits (0.0 ethics) for 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 event. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.

Speakers:

Gregory Herman-Giddens JD, LLM, TEP, CFP

TrustCounsel, Chapel Hill

Mr. Herman-Giddens is founder and principal of TrustCounsel law firm with offices in North Carolina, Florida and New York. He has been practicing law for 31 years, and he is a Board Certified Specialist in Estate Planning and Probate Law (NC) as well as a Certified Financial Planner. Mr. Herman-Giddens received a B.A. degree from the University of North Carolina in 1984, a J.D. degree from Tulane University Law School in 1988, and an LL.M. degree in Estate Planning from the University of Miami School of Law in 1993. He is a member of the North Carolina, Florida, Tennessee and New York Bars, as well as the U.S Tax Court and the U.S. Supreme Court. He is also licensed as a solicitor in England and Wales. Mr. Herman-Giddens has been selected multiple times as a North Carolina “Super Lawyer” in Estate Planning and Probate. Mr. Herman-Giddens is a frequent speaker on estate planning topics on a local and national level and is the author of numerous articles, some appearing in national tax journals. In addition to fiduciary income tax, his areas of expertise are estate planning, asset protection, probate, estate and gift taxation, trust administration, and individual income tax.

Tuition Costs:

Standard Tuition: $289.00
Online Tuition (pre-registration): $289.00
Group Prices
3 or more People: $269.00

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