2014-2015 Estates, Trusts & Beneficiaries Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current Tax Codes, cases and rules affecting gift, estate and trust taxation.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Examining how the new estate and gift tax rules have been made permanent, and by how much the estate and gift tax rates have increased in 2014.
• Reviewing planning ideas on how to minimize estate and gift taxes.
• Studying the new 3.8% Medicare tax on estate or trust's net investment income, and how to avoid it entirely.
• Moving on to the proper use of portability, which is the unused exclusion amount of a predeceased spouse.
• Reviewing some final regulations that address trust expenses.
• And closing by emphasizing that trust administrators are liable for unpaid taxes.

Learning Objectives

• Recognize key tax changes affecting the taxation of estates, trusts and beneficiaries.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None