2023 Estate & Financial Planning Quarterly Update (Spring)
Author: Klaralee R. Charlton
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Legislation, Treasury Releases, and Case Law all affect tax practitioners and their clients. Staying up to date on changes to laws and how laws are interpreted by the IRS and the courts is crucial to providing accurate and quality services to clients. This quarterly course will review the most recent legislative, regulatory, and case law authority and provide suggestions for best practices in light of the changing tax environment.
Publication Date: May 2023
Designed For
Attorneys, CPAs, and Enrolled Agents.
Topics Covered
- Case Law Opinions
- Hoensheid v. Commissioner
- Gerhardt v. Commissioner
- Est of William AV Cecil Sr v. Commissioner
- Treasury Releases
- Revenue Ruling 2023-2
- Notice 2023-23
- Notice 2023-27
- Client Planning Opportunities
- Estate Inclusion for Irrevocable Trusts
- Retirement Acct Withdrawals
Learning Objectives
- Describe legislative provisions affecting client's estate and financial planning goals
- Describe any proposed or finalized regulations and the pros and cons affecting taxpayers
- Recognize and analyze the potential tax impacts related to revenue rules and case law decisions affecting estate tax and fiduciary income tax
- Identify how to recommend estate and financial planning ideas for clients looking to reduce tax liability while achieving estate planning goals
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of estate & financial planning.
Advance Preparation
None
