CPAs and Financial Planners Must Know this about Trusts and Estates 3 Credits
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In an ever-evolving financial landscape, staying informed and equipped with the right knowledge is key to making sound decisions.
In this course we will discuss the basics of trusts and their role in estate planning, emphasizing the importance of selecting the right trust structure to align with individual financial goals. It elaborates on the distinctions between revocable and irrevocable trusts, their tax implications, and the factors to consider when choosing between them. Furthermore, it introduces the concept of charitable trusts, explaining how they can be used to manage income taxation and emphasizing the necessity of charitable intent.
This CPE Webinar delves into various types of trusts, such as Charitable Lead Trusts, Grantor Trusts, and Qualified Subchapter S Trusts (QSSTs) and Electing Small Business Trusts (ESBTs), providing in-depth insights into their unique features and applications. Additionally, it explores the taxation rules for trusts and estates, including exemption thresholds, tax reporting methods, and the importance of making estimated tax payments. The document also introduces key trust clauses, such as overflow clauses and defined value clauses, shedding light on their significance in optimizing trust structures.
We will also discuss grantor trust clauses in detail, illustrating how they impact the taxation of trusts and the role of grantors in shaping trust dynamics. The webinar concludes by addressing the distinction between wholly grantor and partially grantor trusts, emphasizing the varying tax consequences associated with each.
Join this CE Tax Webinar it offers a deep dive into the intricate world of trusts and estates, providing invaluable insights and expertise for financial professionals and anyone interested in understanding these complex topics.
This Online CE Tax webinar covers the following key topics:
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Bringing 47 years of experience with tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD. His tax practice focuses on corporate, individual, estate and gift, and tax accounting. He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans. As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings and exempt organization determination letters for clients, in addition to numerous EPCRS submissions and audits. As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.
Michael spent much of his career as a CPA with a regional CPA firm located in Northwestern Iowa, retiring after 27 years as a senior manager-shareholder with said firm. Prior to this experience, he was a Tax Specialist with a Big 8 accounting firm in their South Bend and Minneapolis offices, providing tax and estate planning for individuals and small to medium-sized businesses. He has earned professional designations including CPA, QKA, and AEP and through professional memberships with the American Institute of Certified Public Accountants (AICPA), the American Society of Pension and Professional Actuaries (ASPPA), National Association of Enrolled Agents (NAEA), and the National Association of Estate Planning Councils (NAEPC). Michael resides in Sioux Falls, SD with his wife Jeanette.
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Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
SH
Excellent class...especially the comprehensive color coded state charts showing which states "tax"/"do not tax" various type of trusts, and beneficiaries <<< extremely pertinent and helpful ! You would have to pay a trust attorney(s) $$$ to get this kind of info. This one item, paid for my entire year of CPE multiple x over.
JL
I’ve used myCPE for several years. There are quite a few selections of courses and the unlimited price is great. The courses are easy to select and the reminders for upcoming webinars are helpful. Also I could not get to the handouts for my first seminar this year. The chat was very helpful in sending me the link again.
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