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Course Description

You can generate substantial tax deductions today using future charitable donations. This is accomplished through an iCLAT. Think of an iCLAT as an “Income Tax Savings CLAT.” 

For legal and IRS purposes, an iClat is known as a “reversionary” charitable lead annuity trust, which is treated as a “grantor trust” for federal income tax purposes. Importantly, an iCLAT has nothing to do with saving estate taxes or estate planning for that matter. 

The immediate income tax savings generated by iCLATs are at all-time high levels right now! Since the IRS §7520 interest rate now at a new historic low of 0.4% (September 2020), the resulting year 1 charitable tax deductions from iCLATs have never been higher than they are right now!

This webinar will enable you to be able to determine the IMMEDIATE income tax deduction that a particular iCLAT can generate for you, your donor, or your client.

The webinar will help you to discover how to:

  • Offset large income events today using future charitable donations.
  • Learn how the strategy works best for those who currently donate $10,000 or more per year to not for profits or their place of worship.
  • Your charitable payments may also go to a family donor advised fund.
  • Learn how this is less complicated than a traditional Lead Trust.
  • iCLAT deductions may offset taxes generated from current year ROTH IRA conversions and taxes generated via the exercise of stock options.

Learning objectives

  • To identify how to use iCLATs as a method of saving current income taxes.
  • To identify and recognize this significant tax savings available for 2020.
  • To recognize the benefits of iCLAT deductions to offset ordinary and capital gains income.
  • Recall various spike income events which may be mitigated through proper tax planning.
  • Identify which clients are good prospects for the iCLAT.

About Presenter

Jamie Pope

Sr.Consultant, Addicus Family Office

jamiedpope@gmail.com

Jamie is the Business Development Director at Addicus Family Office specializing in national client development, relationship management and strategic direction. A frequent speaker and professional educator for CPA's and A&E Designers with a primary focus on Federal, State and Local utility Energy Tax Incentives, R&D Tax Credits and Engineering-Based Cost Segregation real estate solutions to help companies, property owners and top accounting firms across the country benefit from under-utilized tax benefits to increase cash flow and enhance profitability to maximize opportunities for success.

About Co-Presenter

Brad Gornto

Founder, GORNTO LAW, PLLC

brad@gorntolaw.com

Brad is a practicing estate planning, tax and business attorney with over 19 years of experience counseling families with complex estate planning needs, philanthropic goals, and tax/business planning needs.

Also, as the President & Founder of Effectual Giving, LLC, Brad is also a planned giving consultant who specializes in making large planned gifts a reality for both charitable organizations and philanthropists by working directly alongside the philanthropist's team of advisers and/or the charity's gift planning team. Brad is a sought-out expert in the field of charitable lead trusts, particularly "reversionary" charitable lead trusts (i.e. the iCLAT), as well as charitable remainder trusts, donor advised funds and pooled income funds.

Specialties: Charitable planned giving consulting services, major gifts, giving programs, estate planning, wealth transfer taxation, asset protection, trust/estate administration, business law and succession planning, commercial real property transactions 

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
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  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

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upcoming Live CPE Webinars

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis
Wednesday, November 25, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)
Wednesday, November 25, 2020 | 10:00 AM EST View Details/Register
How to deal effectively with IRS Examinations and Criminal Investigations?
Wednesday, November 25, 2020 | 10:00 AM EST View Details/Register
Winning the Fraud Battle in the 21st Century: Prevention and Detection
Wednesday, November 25, 2020 | 10:30 AM EST View Details/Register
Tactical and Strategic Roth Conversions in 2020 after the Secure Act (Latest Update)
Wednesday, November 25, 2020 | 10:30 AM EST View Details/Register
QBO: Banking Feed and Reconciling - Make Rules & Automate
Wednesday, November 25, 2020 | 11:00 AM EST View Details/Register
Best Workshop on Partnership & LLC (Form 1065) Tax Return Review & Case Study (NEW)
Wednesday, November 25, 2020 | 08:00 AM PST View Details/Register
How to not be an HR Failure – from an employment law perspective
Wednesday, November 25, 2020 | 11:00 AM EST View Details/Register
Detailed Workshop on IRS Audit, Representation, Resolution.
Wednesday, November 25, 2020 | 08:00 AM PST View Details/Register
Practical Guide To Fraud 2020: Including Cash, Inventory & General Frauds
Wednesday, November 25, 2020 | 08:00 AM PST View Details/Register
Crucial Insights for Real Estate: Part 3
Wednesday, November 25, 2020 | 11:00 AM EST View Details/Register
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
Wednesday, November 25, 2020 | 12:00 PM EST View Details/Register
The Structure and Organization of the IRS
Wednesday, November 25, 2020 | 12:30 PM EST View Details/Register
Business Tax Update 2020
Wednesday, November 25, 2020 | 01:00 PM EST View Details/Register
Crucial Insights for Real Estate: Part 4
Wednesday, November 25, 2020 | 01:30 PM EST View Details/Register
  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00331-20-O
  • CTEC Course ID 6273-CE-0335
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm CPA (Industry) Young CPA Senior Accountant Accounting Managers Staff of Accounting Firm
  • Handout Material Download

upcoming Live CPE Webinars

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis
Wednesday, November 25, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)
Wednesday, November 25, 2020 | 10:00 AM EST View Details/Register
How to deal effectively with IRS Examinations and Criminal Investigations?
Wednesday, November 25, 2020 | 10:00 AM EST View Details/Register
Winning the Fraud Battle in the 21st Century: Prevention and Detection
Wednesday, November 25, 2020 | 10:30 AM EST View Details/Register
Tactical and Strategic Roth Conversions in 2020 after the Secure Act (Latest Update)
Wednesday, November 25, 2020 | 10:30 AM EST View Details/Register
QBO: Banking Feed and Reconciling - Make Rules & Automate
Wednesday, November 25, 2020 | 11:00 AM EST View Details/Register
Best Workshop on Partnership & LLC (Form 1065) Tax Return Review & Case Study (NEW)
Wednesday, November 25, 2020 | 08:00 AM PST View Details/Register
How to not be an HR Failure – from an employment law perspective
Wednesday, November 25, 2020 | 11:00 AM EST View Details/Register
Detailed Workshop on IRS Audit, Representation, Resolution.
Wednesday, November 25, 2020 | 08:00 AM PST View Details/Register
Practical Guide To Fraud 2020: Including Cash, Inventory & General Frauds
Wednesday, November 25, 2020 | 08:00 AM PST View Details/Register
Crucial Insights for Real Estate: Part 3
Wednesday, November 25, 2020 | 11:00 AM EST View Details/Register
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
Wednesday, November 25, 2020 | 12:00 PM EST View Details/Register
The Structure and Organization of the IRS
Wednesday, November 25, 2020 | 12:30 PM EST View Details/Register
Business Tax Update 2020
Wednesday, November 25, 2020 | 01:00 PM EST View Details/Register
Crucial Insights for Real Estate: Part 4
Wednesday, November 25, 2020 | 01:30 PM EST View Details/Register