This comprehensive CPE course will enhance your understanding of the federal income taxation of trusts and decedents’ estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. You will also learn more about basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.
Types of trusts
Recognition and realization of income
Elements of an estate
Taxation of trusts and estates
Basic concepts of estate planning
This course will prepare you to:
Understand the concept of a trust and the various types of trusts
Advise clients on filing requirements for Forms 706 and 709
Identify the elements of an estate
Identify the elements of a grantor trust
Minimize transfer taxes by incorporating exemptions and credits
Understand statutory provisions that mandate or protect interests of a decedent’s spouse and/or children
Who Will Benefit?
CPAs, financial advisors, estate attorneys
Prerequisite: Basic knowledge of estate and gift taxation
Advance Preparation: None
Tax Section Members Receive Additional Savings!
When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or firstname.lastname@example.org.