2023 Estate & Financial Planning Quarterly Update (Fall)

Author: Klaralee R. Charlton

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: December 2023

Designed For
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

• Passage of new legislation affecting client's estate and financial planning goals
• Issuance of proposed and final regulations related to estate and fiduciary income tax
• Revenue procedures and rulings issued by the IRS in response to recent legislation
• Key case law affecting client's estate and financial planning goals

Learning Objectives

• Recognize how to summarize 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
• Identify the number of individual tax provisions that expired in 2023 that will affect individual income taxes
• Identify the 2024 annual gift tax exclusion

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of estate & financial planning.

Advance Preparation
None