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Presenter: Don Paul Cochran, JD, CPA

Seminar Date:

Seminar Location: Online

Register Now * Coordinator Registration Not Available.

Agenda:

Tuesday, September 29, 2020
8:30 am - 4:40 pm CDT (including one 30-minute break)

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, ling 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
Rents, royalties, partnership and other income
Farm income and ordinary income
Business income and capital gains/losses

Deductions Available to Fiduciaries

General rules
Specific deductions
Income distribution deduction

Tax Calculations, Credits, Payments and Special Rules

How to handle taxable income
Payment of tax
Available credits

Special Issues and Situations
Trust and estate distributions
Net investment income tax
Alternative minimum 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 Hours

Certified Financial Planners
8.0 CE Hours

IRS Enrolled Agents & Other Tax Return Preparers
8.0 CE Hours



Each online live, intermediate level lecture presentation offers 8.0 CPE hours in the area of taxation to accountants. A basic knowledge of federal taxation is recommended, 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 is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of the CPE programs.

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 each webinar.

Each webinar 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).

HalfMoon Education Inc. is an approved CLE provider for attorneys licensed in California and Vermont, and each webinar qualifies for 7.0 CLE hours. HalfMoon Education Inc. is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This non-traditional format course offers 8.0 CLE hours, consisting 8.0 Areas of Professional Practice hours, which are appropriate for experienced attorneys.

Participation will be monitored and reported, as required. Attendance certificates will be available after the webinar for those individuals who complete the event webinar, comply with the monitoring requirements, and score at least 80% on the quiz that follows the instruction (multiple attempts allowed).

Speakers:

Don Paul Cochran, JD, CPA

Mr. Cochran is a solo practitioner in Apple Valley, Minnesota. His 30 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning.

Mr. Cochran has practiced law in both Iowa and Minnesota. He was a CPA with the Small and Emerging Business practice of then Big Eight accounting firm, Touche Ross, in Bloomington, Minnesota, and was the vice president of tax and CFO with various privately and publicly-held companies. Mr. Cochran also served as an advanced sales consultant with Securian Financial, Nationwide Financial, and Pacific Life Insurance Company. He developed and provided continuing education on tax and legal planning strategies for small to medium-size businesses and wealthy individuals, and he worked with insurance wholesalers and financial advisors to understand and implement financial strategies geared towards asset preservation and income in retirement.

Mr. Cochran earned his bachelor of science degree in General Science from the University of Iowa in Iowa City, Iowa, and he graduated from the University of Iowa College of Law with his juris doctorate. In addition to being an attorney and certified public accountant, he maintains his designations as a certified financial planner® and certified retirement counselor®. Mr. Cochran is a member of the Minnesota and Iowa State Bar Associations and the Minnesota Society of CPAs.

Tuition Costs:

Standard Tuition: $299.00
Online Tuition (pre-registration): $299.00
Group Prices
3 or more people each: $199.00

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