Estates and Trusts: Mastering Complex Income Tax Issues (CL4ITET)

Date: 6/17/2008
Mandan Seven Seas
Time: 8:00 AM - 11:30 AM (Please verify this time on your confirmation.)
4 CPE Hours
$125 Member
$155 Nonmember
Add $25 after 6/3/2008
Instructor: Steve Lustig

Get a nuts-and-bolts introduction to the complicated interplay of fiduciary and income tax rules for accounting for the income and expenses of estates and trusts. Get invaluable practice from comprehensive case studies and understand the provisions of Subchapter J covering estates, trusts, beneficiaries and descendants. Examine grantor trusts and planning for children under 14 years of age. You will also cover tax computations, tax-saving tips and much more.

Upon completion of this course, participants will be able to:

• Apply the concepts of federal income taxation of estates and trusts
• Understand the provisions of Subchapter J covering estates, trusts, beneficiaries and decedents
• Understand grantor trusts and special problems of the Kiddie Tax for children under 18 years of age

Major Topics:

• Nature and taxation of estates and trusts
• Tax computations and planning tips
• Trust accounting income
• Subchapter J
• Complex trusts and estates
• Grantor trusts
• Sale or distribution of assets
• Income in respect of decedent

Designed For: CPAs in public practice or industry and personal financial planners with a basic nderstanding of federal income tax concepts
Level: Basic
Developer: AICPA
Prerequisite: Basic knowledge of federal income taxation

About the Speaker:
Steven D. Lustig, J.D., CPA
Mr. Lustig is the founder Galapagos Financial Partners, LLC, based in Gaithersburg, Maryland and La Jolla, California, which, for businesses and individuals, specializes in Financial and Tax Planning, Budgeting, Funding Sources and Uses of Funds, Tax Strategies, Management Structure, Finance Department Operations and Human Resource issues. Mr. Lustig has lectured throughout the United States for the AICPA, ABA, CPA firms, and national and local business organizations and has authored tax material and courses in closely held business areas, estate planning and negotiating with the IRS. Mr. Lustig is the recipient of the AICPA Outstanding Discussion Leader Award in 2005 and 2006.