Virtual
Fiduciary Taxation Part 3: Complex Trusts & Charitable Deduction 2024
Date: Aug. 16, 2024
Time: 8 – 10 a.m. PT
CPE: 2
Overview
During part 3, of this 4-part series, we'll focus on the accounting and taxation of Complex Trusts. Using a series of calculations, determine whether the fiduciary or the beneficiary bears the burden of taxation and if the trust or estate is treated as a taxpaying entity or a conduit. The requirements and use of a charitable contribution deduction are also reviewed and its relationship with and difference from fiduciary accounting.
Product Code
1000003021-126577
Credit Type
CPE: 2CFP: 2CPE-Technical: 2IRS-TX: 2MCLE: 1.5MCLE LS-TX: 1.5Intended Audience
Tax practitioners, accountants and financial professionals.
NASBA Field of Study
Taxes
Level of Difficulty
Basic
Prerequisites
Fiduciary Taxation Part 2: Fiduciary Accounting & Simple Trusts
Advance Preparation
None
Learning Objectives
Major Subjects
- The Differences between a Simple and Complex Trust
- The Use of the Tier System with Complex Trusts
- Review of Basic Requirements of the Charitable Contribution Deduction under IRC Sec. 642(c)
- Preparation of a Tax Spreadsheet for a Complex Trust
- Preparation of a Tax Spreadsheet for a Complex Trust with a Charitable Contribution Deduction
- Complex Problem Form 1041 Examples with Spreadsheets and Exhibits
Other Dates
Faculty
Jacqueline A. Patterson
Jacqueline Patterson is a founding partner in the law firm of Buchanan & Patterson, LLP in Los Angeles where she specializes in tax, estate planning and financial transactions. Her emphasis is positioning individuals, businesses, and fiduciary entities for orderly administration and succession planning. She advises grantors, fiduciaries and beneficiaries in matters involving the transfer, administration, investment and management of assets and...
More about Jacqueline A. PattersonAdditional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.