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

Seminar Date:

Seminar Location: Online

This seminar is closed or full.


Wednesday, December 11, 2019
11:00 am - 2:00 pm CST (including one 15-minute breaks)

   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

Thursday, December 12, 2019
11:00 am - 3:00 pm CST (including two 10-minute breaks)

   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 deduction
      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

Webinar Instructions

Each webinar session earns continuing education credit and can be registered for individually. 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.

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.

GoToWebinar App requirements: 
Windows 7 - 10 or Mac OSX 10.9 (Mavericks) - 10.14 (Mojave)

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

     8.0 CPE Hours

Certified Financial Planners:
     8.0 CFP Hours

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

Continuing Education Credit Information

This intermediate-level course offers 8.0 CPE credits in the area of taxes. A basic understanding of federal taxation is beneficial for this program 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. 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.

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).

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


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. Two years ago he launched his own newsletter, the Jack Straw Fortnightly, analyzing current developments in the law -- both tax and nontax -- concerning the transfer of private wealth in this country. As 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: $299.00
Online Tuition (pre-registration): $299.00

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