2 Credits: Taxes
In this course from Claudia Hill, she will take you through a frequently used estate planning tool, Grantor Trusts. This course will especially focus on the use of GRAT’s (Grantor Retained Annuity Trusts), IDGTs (Intentionally Defector Grantor Trust), and QPRT (Qualified Personal Residence Trusts). We will talk about how these are used, the benefits of using them, and cover specific filing requirements- how they get reported, how they get integrated into the grantor’s personal return, or whether a 1041 needs to be done.
Upon completing this course, participants will be able to understand:
- Grantor Type Trusts
- Most Common Uses of Grantor Trusts
- Special Reporting Instructions
- Advantage and Disadvantages of creating an IDGT
- GRIT’s, GRAT’s, and GRUT’s
- Transferring a Personal Residence to a Trust
- QPRT with Grantor Retained Interest Provision
- When the Terms of PRT or QPRT Expire?
- Is It Possible to Void or Terminate the QPRT if it is no Longer Needed?
- Intentionally Defective Grantor Trust (IDGT)
January 19, 2022
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01978-22-O
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1715
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 …