CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

2020-2021 Federal Tax Update: Estates, Trusts, & Beneficiaries

Icon_Self-Study
Self-Study
Icon_Level
Update
Credits
CPE Credits
3 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to 
grasp recent tax changes. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life
experiences, which make complicated tax topics easily understandable.
Chapter highlights include the following:
  • Filing and Payment Date Delayed
  • Estate and Gift Tax Thresholds Temporarily Increased by the TCJA
  • Planning Needed for All Size Estates
  • Don’t Forget State Inheritance Taxes
  • Trust Changes After SECURE
  • Estate and Trust Administrators Can Be Personally Liable for Unpaid Taxes
  • FLPs Can Still Be Useful
  • 2020 Valuation Cases

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Cite the rules and regulations related to the federal estate tax, and the filing of estate tax returns, including the exclusion amounts and other relevant thresholds related to filing requirements.
  • Identify the requirements for executors and beneficiaries regarding inherited assets, filing requirements, timing, and penalties for failure to act in accordance with the Code.
  • Identify elements of Form 706, use, timing of filing, and other relevant requirements for taxpayers.
  • Cite the rules and regulations related to gift taxes and the transfer of property within the donor’s lifetime and identify strategies to reduce the impact of gift taxes on taxpayers.
  • Identify the rules and regulations related to trusts and estates and their impact on resulting tax returns of those entities.
  • Cite requirements for successful use of family limited partnerships (FLPs) and family limited liability companies (FLLCs) and indicate the strategies for using each.

Course Specifics

Course ID
8202678
Revision Date
May 14, 2020
Number of Pages
67
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01555-20-S
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1451
CTEC Federal Tax Update Credits: 3

Course Instructor

Vern Hoven, CPA, MT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education. Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking …

Vern Hoven, CPA, MT Read More »

Sharon Kreider Headshot
Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

Sharon Kreider, CPA Read More »

2020-2021 Federal Tax Update: Estates, Trusts, & Beneficiaries

Format
CPE CREDITS
3 Credits: Taxes

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Update
Credits
CPE Credits
3 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to 
grasp recent tax changes. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous presentation style using real-life
experiences, which make complicated tax topics easily understandable.
Chapter highlights include the following:
  • Filing and Payment Date Delayed
  • Estate and Gift Tax Thresholds Temporarily Increased by the TCJA
  • Planning Needed for All Size Estates
  • Don’t Forget State Inheritance Taxes
  • Trust Changes After SECURE
  • Estate and Trust Administrators Can Be Personally Liable for Unpaid Taxes
  • FLPs Can Still Be Useful
  • 2020 Valuation Cases

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Cite the rules and regulations related to the federal estate tax, and the filing of estate tax returns, including the exclusion amounts and other relevant thresholds related to filing requirements.
  • Identify the requirements for executors and beneficiaries regarding inherited assets, filing requirements, timing, and penalties for failure to act in accordance with the Code.
  • Identify elements of Form 706, use, timing of filing, and other relevant requirements for taxpayers.
  • Cite the rules and regulations related to gift taxes and the transfer of property within the donor’s lifetime and identify strategies to reduce the impact of gift taxes on taxpayers.
  • Identify the rules and regulations related to trusts and estates and their impact on resulting tax returns of those entities.
  • Cite requirements for successful use of family limited partnerships (FLPs) and family limited liability companies (FLLCs) and indicate the strategies for using each.

Course Specifics

Course ID
8202678
Revision Date
May 14, 2020
Number of Pages
67
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01555-20-S
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1451
CTEC Federal Tax Update Credits: 3

Course Instructor

Vern Hoven, CPA, MT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education. Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking …

Vern Hoven, CPA, MT Read More »

Sharon Kreider Headshot
Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

Sharon Kreider, CPA Read More »

2020-2021 Federal Tax Update: Estates, Trusts, & Beneficiaries

Format
CPE CREDITS
3 Credits: Taxes

$87.00$107.00

Clear