QAS Self-Study
Intermediate
CPE Credits
2 Credits: Taxes
Course Description
Tax planning for charitable giving is essential in helping your clients realize the greatest tax benefits from their donations. Join Steven Siegel, an expert in estate and tax planning, as he provides a review of exclusions from transfer taxation, analysis into the characteristics of charitable remainder trusts and charitable lead trusts, and insight into recent changes in the law of exclusions from transfer taxation. You’ll come away from this course with a toolkit of strategies on how to advise your clients in charitable giving while providing excellent tax-saving opportunities.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the factors affecting charitable giving and the resulting tax benefits (income, gift, estate, and generation-skipping taxes) in order to utilize strategies which will meet both charitable goals and tax savings goals.
- Cite various trusts and other tax planning tools available for use in charitable and tax planning when preparing an estate plan and list their characteristics.
- Recognize the applicable IRS Code regulations governing the amounts and timing of charitable deductions for income, estate, and gift tax and perform the calculations of such deductions.
- Identify various income and tax reporting requirements for noncharitable beneficiaries of CRTs.
- Cite characteristics and uses of charitable lead trusts.
Course Specifics
|
Course ID 8162559VID |
Revision Date August 29, 2022 |
Prerequisites General tax preparation experience |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02117-22-S
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02117-22-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1055
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1055
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …
Charitable Giving Tax Planning
$98.00
QAS Self-Study
Intermediate
CPE Credits
2 Credits: Taxes
Course Description
Tax planning for charitable giving is essential in helping your clients realize the greatest tax benefits from their donations. Join Steven Siegel, an expert in estate and tax planning, as he provides a review of exclusions from transfer taxation, analysis into the characteristics of charitable remainder trusts and charitable lead trusts, and insight into recent changes in the law of exclusions from transfer taxation. You’ll come away from this course with a toolkit of strategies on how to advise your clients in charitable giving while providing excellent tax-saving opportunities.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the factors affecting charitable giving and the resulting tax benefits (income, gift, estate, and generation-skipping taxes) in order to utilize strategies which will meet both charitable goals and tax savings goals.
- Cite various trusts and other tax planning tools available for use in charitable and tax planning when preparing an estate plan and list their characteristics.
- Recognize the applicable IRS Code regulations governing the amounts and timing of charitable deductions for income, estate, and gift tax and perform the calculations of such deductions.
- Identify various income and tax reporting requirements for noncharitable beneficiaries of CRTs.
- Cite characteristics and uses of charitable lead trusts.
Course Specifics
|
Course ID 8162559VID |
Revision Date August 29, 2022 |
Prerequisites General tax preparation experience |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02117-22-S
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02117-22-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1055
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1055
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …
Charitable Giving Tax Planning
$98.00