Live Stream: Estate and Trust Primer
229 | Livestream | Basic | Scheduled
Description
Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. This course will help you understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare Form 1041 and the accompanying schedules.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
| 3.33 | CLE |
Designed For
CPAs, financial advisers, estate attorneys
Highlights
- Types of trusts
- Trustee powers
- Recognition and realization of income
- Elements of an estate
- Taxation of trusts and estates
- Basic concepts of estate planning
Objectives
When you complete this course, you will be able to:
- Identify the elements of a trust
- Determine where a trust has situs
- Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA)
- Identify tax payment and reporting requirements for estates and trusts
- Distinguish between simple trusts and complex trusts
- Determine when a grantor has a reversionary interest
- Recall how pooled income funds are taxed
- Recall the filing requirements for estates and trusts
Prices
- Member (Early Bird)
- $189.00
- Non-Member (Early Bird)
- $249.00
- Member
- $189.00
- Non-Member
- $249.00
Instructors
Gregory A. Carnes, CPA, Ph.D.
Dr. Gregory Carnes serves as Dean of the College of Business at the University of North Alabama. He came to UNA in 2007 as the Raburn Eminent Scholar of Accounting. He previously served as President of the Accounting Program Leadership Group, President-Elect of the Federation of Schools of Accountancy, and Secretary of the American Taxation Association.
Dr. Carnes has also served as chair of the Department of Accountancy at Northern Illinois University and Dean of the College of Business at Lipscomb University. Dr. Carnes has published approximately 30 articles in journals such as The Journal of Economic Psychology, Journal of the American Taxation Association, Advances in Taxation, The Journal of International Accounting, Auditing, and Taxation, The Tax Adviser, Taxation for Accountants, Taxation for Lawyers, and The CPA Journal.
He is a contributing author on South-Western Federal Taxation: Individual Income Taxes, a popular textbook used in undergraduate taxation courses. He also authors material for Wiley/CPA Excel, one of the nation's leading CPA Review courses. He has also provided tax training for national accounting firms and the AICPA. He is a member of the AICPA, the American Accounting Association, the Alabama Society of CPAs, and the American Taxation Association.
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