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Estate & Trust Primer - Tax Staff Essentials, Level 3 - Tax Senior/Supervisor

Author/Moderator: Edward L. Perkins, JD, LLM, CPA
Publisher: AICPA
Availability: Online Access
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AICPA's Tax Staff Essentials, Level 3 – Tax Senior/Supervisor

This comprehensive, integrated curriculum provides tax training for four different experience levels – New Staff (Level 1), Experienced Staff (Level 2); Tax Senior/Supervisor (Level 3); and Tax Manager/ Director (Level 4).

This course is part of Tax Staff Essentials, Level 3 – Tax Senior/Supervisor which identifies the more difficult areas for experienced tax compliance specialists. This level will give staff Seniors and Supervisors the confidence necessary to begin assuming client and engagement management responsibilities.

This comprehensive course offers you an understanding of the federal income taxation of trusts and decedents’ estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. We will also discuss some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.

Topics Discussed

  • Types of trusts
  • Trustee powers
  • Recognition and realization of income
  • Elements of an estate
  • Estate tax calculations
  • Personal gifting and the federal gift tax
  • Basic concepts of estate planning

Learning Objectives
When you complete this course you will be able to:

  • Understand the concept of a trust and the various types of trusts.
  • Advise clients on filing requirements for Forms 706 and 709.
  • Identify the elements of an estate and grantor trusts.
  • Minimize transfer taxes by incorporating exemptions and credits.
  • Understand statutory provisions that mandate or protect interests of a decedent’s spouse and/or children.

Prerequisite: Basic knowledge of estate and gift taxation

Advanced Preparation: None

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NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: 16
Estate & Trust Primer - Tax Staff Essentials, Level 3 - Tax Senior/Supervisor
CPE On-Demand
Product# 157750
Availability: Online Access 365 Day
For registered users only
AICPA Member:$399.00
Your Price:$479.00
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