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CLE - Fiduciary Income Tax: Planning and Strategies

Thursday, March 6, 2014 3:00 PM to 6:00 PM
Boston Bar Association - 16 Beacon Street, Boston, MA

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*Additional fees may apply for online viewing of programs via West LegalEd. BBA Members may be eligible for a discount.


This program has already taken place, but you can still catch up on what you missed!

Visit the CLE Bookstore to purchase a CLE Materials Set, which includes online access to the recorded course presentation and a copy of the course book.

If you need CLE Credit, please click here.

Join us for an in depth look at the complicated income tax rules of fiduciary accounting relative to estates and trusts, and how to keep your practice and your clients in compliance with the latest requirements and considerations.

With the increase in the estate and gift exemption amounts, as well as increased income tax rates, trusts & estates and tax planning attorneys should turn their focus to federal and state income tax issues affecting estates and trusts.  A comprehensive understanding of the various income tax rules, increased rates and the implication of new income taxes will give practitioners a better understanding of the income tax implications of planning strategies recommended to clients. 


a. Fiscal Years
b. Section 645 Election

a. Gross Income
b. Deductions - 2% Disallowance Rule, Charitable Deductions, and §642(g)
c. Capital Gains
d. Separate Share Rule

a. Simple Trusts
b. Complex Trusts - 65 day rule distributions
c. Three Gift Rule
d. Distributions in Kind - §643(e)
e. ESBT’s

Income Taxation to Beneficiaries – K-1
a. Allocation Among Beneficiaries
b. Character of Income
Tax Returns and Tax Payments
a. Rates
b. Form 1041 – Due Dates
c. Estimated Taxes
d. Form 1041-T
e. Electronic Filing

Grantor Trusts
a. §§671-677
b. §678
c. §679
d. Intentionally Defective Grantor Trusts
e. EINs

State Income Tax
a. Resident Trusts - MA Rules, Other States, Trusts With No State,
b. Non-resident Trusts

Foreign Trusts
a. Presumption of Foreign Status
b. Grantor Trusts – 672(f)
c. DNI - Capital Gains
d. UNI
e. Notice 97-34


Register now to reserve your seat!

Registration Categories:
BBA Member - $130.00
Non-Member - $170.00
BBA Member - Legal Services/ Government Lawyer - $70.00
Law Student - $30.00

If the cost of this seminar would preclude you from attending, please contact us about tuition discounts.

It's so easy to be green!  The BBA offers registrants CLE course materials in both electronic and print format.  Please remember to select your option during registration.  If you opt for the electronic version, a PDF link will be email to you prior to the seminar. We encourage laptops and portable devices at the seminar, Free WiFi is available in all conference rooms!


Sponsoring Section/Committee(s):




Jacqueline Querubin


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