Income Taxation of Trusts and Estates (Currently Unavailable)

Author: Steven G. Siegel

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

More clients are using trusts for estate planning and wealth management purposes than ever before. Therefore, it is essential for tax professionals to develop practical knowledge regarding income taxation of trusts and estates. You’ll benefit from the concise and useful review of key issues and considerations regarding estate and trust planning – all while earning continuing professional education (CPE) hours in the process.

About the Course
If you advise clients on tax, retirement, estate, and trust planning, as well as other tax and wealth management matters, this course is suitable for you. The course is authored and presented by Steven G. Siegel, J.D., LL.M.. A distinguished tax and estate planner, author, and educator, Siegel is an outstanding speaker and presenter who provides real-world explanations and helpful tips on this important topic. Siegel ensures that Income Taxation of Trusts and Estates covers all of the latest information to allow you to advise your clients with confidence.

Publication Date: July 2017

Designed For
CPAs, enrolled agents, estate planners, tax attorneys, and other related professionals, this basic-level course is an approved form of CPE for CPAs (2 hours), EAs and OTRPs needing federal tax-related CPE (2 hours) and CTECs needing federal tax law-related CPE (2 hours).

Topics Covered

  • Alternative Minimum Tax on trusts and estates
  • New IRS definitions of trust income
  • Income reportable by fiduciaries
  • Deductions available to fiduciaries
  • The controversy surrounding the 2% floor on miscellaneous itemized deductions
  • And more

Learning Objectives

  • CCH CPELink's Income Taxation of Trusts and Estates self-study course covers a wide range of topics pertaining to fiduciary income taxation, including compliance and planning issues and concerns. It explores the nuances of how estates and trusts are taxed, tax years, return filing requirements, and estimated payments. It also explains the increasing incidence of Form 1041 audits and the difference between simple, complex, grantor, and qualified revocable trusts.
  • By the end of the two-hour course, you will come away with an enhanced knowledge of the key compliance and planning issues regarding estates and trusts. Amongst various takeaways, you'll be able to differentiate alternative terms for a grantor trust, identify the exemption amount for an estate, and recognize which types of interest expenses are deductible. In addition, you'll recognize when an estate is not required to make estimated tax payments, which form must be filed with the IRS to obtain a separate tax ID number for an estate, and much more.


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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