2 Credits: Taxes
Navigating the intricacies of estate planning can be a complex and daunting task for tax and finance professionals, particularly when dealing with the nuanced realm of Grantor Trusts. Claudia Hill‘s course provides a focused exploration of this critical estate planning tool, with a special emphasis on GRATs (Grantor Retained Annuity Trusts), IDGTs (Intentionally Defective Grantor Trusts), and QPRTs (Qualified Personal Residence Trusts). This course addresses the common challenges faced in understanding how these trusts are used, their benefits, and their specific filing requirements. You’ll learn not just how these trusts are reported and integrated into the grantor’s personal return, but also when a Form 1041 is necessary. Designed for professionals seeking clarity in estate planning strategies, this course offers a comprehensive solution to mastering the application and reporting of Grantor Trusts, enhancing your expertise in this essential aspect of financial planning.
Upon successful completion of this course, participants will be able to:
After completing this section of the course, you will be able to:
• Identify characteristics and uses of grantor trusts.
• Cite rules and regulations for grantor trusts.
• Compare and contrast elements and characteristics of intentionally defective grantor trusts, qualified personal residence trusts, and grantor retained annuity trusts.
September 12, 2023
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01995-22-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1732
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 registration 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. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com. Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of …
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