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
Instructor
Klaralee R. Charlton
Klaralee Charlton is a Partner at 3i Law in Denver, Colorado. She practices fiduciary tax, estate administration, and business transactional law. As part of her practice, she guides clients through the process of administering a loved one’s estate including the collection, valuation, management and transfer of assets including financial accounts, real estate, and business interests with a focus on minimizing estate and income tax liability. Klaralee also works closely with trustees of ongoing trusts to ensure compliance and prepares clients’ fiduciary income tax returns annually.
Klaralee has written and lectured on topics including estate and gift tax, fiduciary income tax reporting and U.S. regulations governing the valuation of small family businesses. She is an active member of the Colorado Bar Association, Tax Section and Adjunct Profession at the University of Denver, Graduate Tax Program.
She earned her J.D. in 2011 from the University of Utah, S.J. Quinney College of Law, her LL.M. in Tax Law from the University of Denver in 2013, and her B.A. in political science in 2009 from Bryn Mawr College. She is admitted to practice in both Colorado and Montana.