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Gain Realization At Death And At Gift - Tax On Wealthy Estates

Gain Realization At Death And At Gift - Tax On Wealthy Estates

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00498-21-S)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0498)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPD credit (Verifiable) for CPA/PFS

1 CPD credit (Verifiable) for Trust and Estate Practitioners (TEPs)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00498-21-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00498-21-S)

1 CE credit of Estate Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 293733)

1 CE credit for Certified Senior Advisor (CSA)

1 CE credit of Qualified Retirement Plan for ERPAs (Approval No. 00524-21)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Nov 01, 2021 | 01:30 PM EDT Register

Overview

  • The American Families Plan - Specific Proposals in the Fact sheet
    1 mins
  • Introduced Legislation
    3 mins
  • Capital Gains Taxes
    12 mins
  • Exceptions to Forced Recognition
    19 mins
  • Extension of Time for Payment of Tax
    29 mins
  • Charitable Remainder Trusts - Common Structure
    35 mins
  • Charitable Remainder Trusts - Substantial Sale Strategy
    42 mins
  • Two-year Installment Sale
    48 mins
  • Installment Sale - Intra-family Sale Strategy
    50 mins

Course Description

Senator Christopher Van Hollen along with Representative Bill Pascrell have both introduced bills to repeal the step-up in basis and create a gain realization at death and at gift seemingly similar to the system in Canada.

In this fast-paced class, Bob Keebler will address the legislative framework of the Pascrell and Van Hollen bills, including retroactive gain realization on 2021 gifts.

  • The webinar will explore on the following questions:
  • How will gains be recognized at death?
  • Will the 39.6% LTCG rate apply?
  • What planning will mitigate the 39.6% rate?
  • What will be the exemptions and exceptions?
  • What gains will be realized upon gift?
  • What will be the exemptions and exceptions for gifts made during life?
  • What will be the exemptions and exceptions for gifts made after death?
  • Can gifts be made to grantor trusts in 2021 without gain realization?
  • Can gifts be made to non-grantor trusts in 2021 without gain realization?
  • How will the Van Hollen and the Pascrell bills interact with the anti-grantor trust provisions of the Sanders legislation?
  • What are the 21 and 30-year gain realization rules for trusts?
  • Can gifts be made to charitable trusts?
  • Can gifts be made to charity?
  • What should practitioners do with respect to warning clients making large gifts in 2021?

This is a “must-attend” for CPAs, EAs and accountants having clients with appreciated assets in their portfolios.

Learning Objectives

  • To examine and develop and understanding of will gains be recognized at death
  • To identify the exemptions and exceptions for gifts made during life and after death.
  • To explore what gains will be realized upon gift
  • To recognize if the gifts can be made to grantor or non-grantor trust without gain realization in 2021
  • To explore how the Van Hollen and the Pascrell bills can interact with the anti-grantor trust provisions of the Sanders legislation

Who Should Attend?

  • California Registered Tax Professional
  • Certified Senior Advisor
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Accountant (Industry)
  • Tax Managers
  • Tax Preparer
  • Tax Professionals
  • Trust & Estate Specialist
  • Trust & Estate Tax Professional
  • Young CPA

Testimonial

4.8

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