|Production Date:||July 21 2011|
Understanding the most recent laws on income taxation of trusts will allow you to effectively minimize your clients’ tax burdens. In this course, attorney and CPA Magda Szabo explains basic trust concepts from a legal perspective, with a special emphasis on tax considerations for grantor, non-grantor, and special purpose trusts. Using helpful hypothetical examples, Ms. Szabo provide tips on how to effectively assist your clients with transfers into trusts, managing grantor trusts (including Mallinckrodt trusts), and applying the separate share rule. Additionally, the program provides an in depth analysis and comparison of simple and complex trusts, and outlines the basic calculations involved in computing trust income. In this climate of rapid and continuing change, it is necessary to stay up to date on the latest tax regulations in order to provide your clients with the best possible estate and tax planning guidance.
I. Basic Trust Concepts
II. Transfers into Trust
III. Grantor Trust
IV. Tax Rates
V. Simple vs. Complex Trust
VI. Calculation Concepts
VII. Foreign Nongrantor Trusts
Instructional Method: Self-Study
FurtherEd 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: http://www.learningmarket.org
John (Houston, TX)
The speaker was nice and spoke well.
Timothy (Long Beach, NY)
lot of details
Tom (Montgomery, TX)
Good information and a good starting place for some issues.
Alison (New York, NY)
Excellent overview of complicated subject with useful detailed examples where needed.