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Still time for substantial 2020 tax savings with the immediate income tax deductions possible from an income tax clat

4.4 (283)

Jamie Pope

Addicus Family Office

Thursday, August 20, 2020 | 02:00 PM EDT

  • CPA
  • EA

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00258-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0266)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00258-20-O)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00258-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Course Description

An "income tax clat" is simply a trust that makes annual distributions to charity for a specified term of years and then, at the end of the term, distributes the remaining trust assets back to its grantor (i.e. the donor or the client).  For legal and IRS purposes, an income tax clat is known as a "reversionary" charitable lead annuity trust, which is treated as a "grantor trust" for federal income tax purposes.  Importantly, an income tax clat has nothing to do with saving estate taxes, or estate planning for that matter.  Think of an income tax clat as an "Income Tax Savings CLAT"

The IMMEDIATE YEAR 1 charitable tax deduction generated by an income tax clat is equal to the "present value" of it's annual payments to charity - using the IRS §7520 interest rate, which is released each month.  Since the IRS §7520 interest rate now at a new historic low of 0.4% (August 2020), the resulting year 1 charitable tax deductions from income tax clat have never been higher than they are right now

This webinar would cover :

  • HOW does an income tax clat generate so much IMMEDIATE TAX SAVINGS?
  • WHY is 2020 the best year to create an income tax clat for your clients?
  • Tax tools to reduce current income without having to give the money away today Alternatives to a donor advised fund which gives dollars away forever.
  • Create a deduction to offset large one time income, annual income, or for tax opportunities like ROTH Ira conversions.
  • WHO can most benefit from an income tax clat?

Learning Objectives

  • To recall the history of reversionary trusts.
  • To identify ways using reversionary trusts to generate immediate deductions without making large one time donations To identify ways of giving away the fruit of the tree but not the tree.
  • To identify various potential tax strategies around these trusts.
  • To identify the alternative to the donor advised fund.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Business Owner
  • CEO
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA


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