Understand How CRTs Work and Preparing Form 5227, The Split-Interest Trust Return
With increasing income tax rates on the wealthiest taxpayers, client interest is growing in using charitable remainder trusts as a planning device not only to benefit charity, but to also reduce income and transfer taxes, especially when a taxpayer has appreciated property. Important rules involving income, gift and estate taxation may need to be addressed. When such a trust is created, it becomes necessary to prepare and file Form 5227, Split-Interest Trust Return to report the income and distributions of the trust, as well as to advise the IRS of the trust's ongoing performance.
This timely and helpful two-hour CPE webinar, presented by noted estates and trusts practitioner, author and educator Steven G. Siegel, J.D., LL.M, will arm you with knowledge and seasoned guidance to help you understand how charitable remainder trusts work and how to manage the compliance requirements in reporting to the IRS with Form 5227.
Join Mr. Siegel, an outstanding speaker and presenter, as he offers helpful tips and practical suggestions to give you and your staff a strong understanding of how to advise clients in this important area.
All professionals who work with clients on tax, estate, and financial planning matters will benefit from this timely and insightful course. Your program materials include a comprehensive and detailed outline prepared by Mr. Siegel for later study and reference. And, to reinforce your understanding and get help on your most pressing issues, you will have opportunities to submit questions to Mr. Siegel.
As our "thank you for attending" gift, firms registered for this webinar will receive a complimentary issue of Wolters Kluwer's Estate Planning Review--The Journal in electronic format.
Who Should AttendThis course is essential for CPAs, CFPs, enrolled agents, estate planners, tax attorneys and other professionals who advise clients on tax, retirement and estate planning, and other wealth management matters.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program PrerequisitesBasic knowledge of wealth transfer taxation concepts