This program has already taken place, but you
can still catch up on what you missed!
Visit the CLE
purchase a CLE Materials Set, which includes online access to the recorded
course presentation and a copy of the course book.
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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.
b. Section 645 Election
GROSS INCOME : DNI
a. Gross Income
b. Deductions - 2%
Disallowance Rule, Charitable Deductions, and §642(g)
d. Separate Share Rule
INCOME DISTRIBUTION DEDUCTION
a. Simple Trusts
Trusts - 65 day rule distributions
c. Three Gift
d. Distributions in Kind - §643(e)
Income Taxation to Beneficiaries – K-1
a. Allocation Among
b. Character of Income
Tax Returns and Tax
b. Form 1041 – Due Dates
d. Form 1041-T
e. Electronic Filing
Defective Grantor Trusts
State Income Tax
a. Resident Trusts - MA Rules, Other States, Trusts
With No State,
b. Non-resident Trusts
a. Presumption of Foreign Status
Trusts – 672(f)
c. DNI - Capital Gains
Register now to reserve your seat!
BBA Member - $130.00
BBA Member - Legal Services/ Government Lawyer - $70.00
Student - $30.00
If the cost of this seminar would preclude you from attending, please
contact us about tuition discounts.
Materials: 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!