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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.