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Accounting and Tax Planning for Estates and Trusts Webinar

CPE

When
July 29
1:00 - 5:00 p.m.

CPE Credits
4-Tax

Details

 Pricing

PICPA Member: $139 | Nonmember: $189


 More Information

Course No.
VTVATPE4
Level
Intermediate
Prerequisites
Basic working knowledge of estate and trusts.
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

This program gives an introduction to fiduciary (book) accounting, the allocation of receipts and disbursements between income and principal under the Uniform Principal and Income Act, including how it impacts the calculation of the income distribution deduction for complex trusts on the Form 1041. Critical issues concerning preparing client's Form 1041 will be addressed, with a focus on the impact of the new Section 199A 20% deduction on trusts, estates and beneficiaries. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to...

  • Identify financial accounting, tax rules and guidelines of estates and trusts
  • Determine potential pitfalls and planning ideas

Highlights

The major topics that will be covered in this course include:

  • Introduction to fiduciary accounting
  • Distinction between "income" and "principal"
  • Discuss Uniform Principal and Income Act
  • 2019 rates and brackets
  • Section 199A pass-through income
  • Excess business losses and Form 461
  • Filing deadlines and extensions
  • Simple or complex trust?
  • Grantor trust


Speaker(s)

Douglas J. Van Der Aa, CPA, JD

Doug is a lively and energetic speaker - even on the subject of taxes!
 
Doug’s professional practice is focused on serving the needs of closely held businesses and their owners, including their pass-through entities, estates and trusts. Doug’s 20+ years of experience includes both tax practice in CPA firms and the practice of transactional business and real estate law as an attorney.  He earned his Bachelor of Arts degree with a major in accounting from Dordt College and his Juris Doctor from the University of Illinois College of Law. Doug has taught as an Adjunct and recently completed a year as a Visiting Professor in the School of Accounting at Grand Valley State University’s Seidman College of Business in Grand Rapids, Michigan, where he taught in both the undergraduate and MST programs.

 

 


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