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Presenter: Patti Spencer

Seminar Date:

Seminar Location: Fort Washington, PA

Hilton Garden Inn Fort Washington
530 W. Pennsylvania Avenue
Fort Washington, PA 19034
Phone: 215-646-4637

This seminar is closed or full.


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

Credit Information:

Who Should Attend

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

     8.0 CPE Hours

     6.5 Pennsylvania CLE Hours
     8.0 New Jersey CLE Hours
     8.0 New York CLE Hours
     6.5 New Hampshire CLE Hours
     6.5 Vermont CLE 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 and offers continuing education credits to accountants, attorneys, certified financial planners, and IRS enrolled agents and tax return preparers.

This seminar offers CPAs 8.0 intermediate-level CPE credit hours in the area of taxes. A working knowledge of federal taxation is recommended, and no advance preparation is necessary.

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.

This course is approved for 6.5 Pennsylvania CLE hours for attorneys.

HalfMoon Education has been certified by the NY State CLE Board as an accredited provider of CLE programs. This traditional format course offers 8.0 Areas of Professional Practice CLE hours suitable for new and experienced attorneys. HalfMoon Education Inc. is a New Jersey CLE Service Provider (No. 164), and this course offers 8.0 CLE hours to New Jersey attorneys.

HalfMoon Education is a Vermont-approved CLE provider, and New Hampshire does not preapprove continuing education activities. This course offers 6.5 CLE hours to attorneys in both states.

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). This course also offers other tax return preparers 8.0 hours of continuing educations.

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.


Patti Spencer

Partner at Metzger and Spencer, LLP

Ms. Spencer has been practicing law for 35 years and continues to focus her practice on estate planning, probate, trusts, taxation, and closely-held business issues. She often works as a consultant to other attorneys and financial professionals in estate planning, trust and taxation matters as well as serving as an expert witness in fiduciary litigation. Before founding Spencer Law Firm in 1996, Ms. Spencer was the head of the Personal Trust Department at a regional bank in Pennsylvania before returning to private practice in 1996. She is currently a partner in the Lancaster firm of Metzger and Spencer LLP. Ms. Spencer graduated summa cum laude from Dickinson College and received her J.D. and LL.M. degrees in Taxation from Boston University School of Law. She is a member of the Pennsylvania and Massachusetts bars. She taught Estate and Gift Tax Law in the Boston University School of Law Graduate Tax Program for eight years. Her column, Taxing Matters, appeared weekly in the “Business Monday” section of the Lancaster Intelligencer Journal for 14 years. She is a frequent lecturer and is the author of numerous articles on estate planning topics. Ms. Spencer was named one of Pennsylvania’s Top 50 Business Women for 2000 and has been elected as a fellow to the American College of Probate and Trust Counsel. A new edition of Your Estate Matters, a book which is a compilation of Ms. Spencer’s columns, was published in January 2015. Your Estate Matters is currently available online and can be purchased at the offices of Spencer Law Firm LLC. Ms. Spencer is also the author of a reference book for lawyers, Pennsylvania Estate Planning, Wills and Trusts Library Forms and Practice Manual, originally published 2007, 2 volumes, 1,500 pages, 280 forms, updated annually. It is available from Data Trace Publishing Company.

Tuition Costs:

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

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