Life Cycle of a Revocable Living Trust
More clients are creating revocable living trusts. This session is an in-depth analysis of the income and estate taxation of revocable living trusts, from creation to dissolution.
Objectives
Upon completion of the session, the learner will be able to:
• Describe how income and estate taxes impact revocable living trusts
• Identify the allowable methods of filing income tax returns and how to change filing method
• Identify when a revocable living trust needs an employer identification number and when it needs a NEW employer identification number
• Classify how to make a Section 645 election with or without a probate estate
Details
Alice Orzechowski, CPA, CMA, EA
Instructor:
Level:
Advanced
Prerequisites:
Working knowledge of federal taxation and estate planning
Advanced Preparation:
None
Delivery Method:
Group Live
CPE credits Designation Field of study
IRS
2
AFSP
Federal Tax Law Topic
IRS
2
EA
Federal Tax Law Topic
NASBA
2
CPA
Taxes
CTEC
2
CRTP
Federal Tax Law Topic
CFP Board
2
CFP®
Yes
How to Earn CPE
Sessions are first come, first served. Registration is not required for individual sessions. To earn CPE, scan your badge on your way into each session. You do not need to scan on your way out. CPAs will receive an additional form at registration to self-report their time out. We strictly abide by the IRS’ CPE rules and turn badge scanners off ten minutes after each session begins. We cannot award CPE if your badge isn’t scanned.