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 4 – Tax Manager/Director contains the advanced technical level of training your firm needs to maintain and improve its core competencies. As your firms leaders expand their levels of expertise, so does your firm expand its ability to offer its professional services to new and existing clients.
This comprehensive course provides 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. It also provides some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.
Grantor trusts (IDGT, BDIT, GRAT, CRAT)
Family limited partnerships
Self-cancelling installment notes (SCIN)
When you complete this course you will be able to:
Understand what various types of trusts and life insurance may be used in an effective estate plan.
Utilize available credits and deduction provisions in the 2010 Tax Relief Act to reduce estate and gift taxes for years before 2013.
Minimize estate and gift transfer taxes via planning techniques and opportunities.
Prerequisite: Basic knowledge of estate and gift taxation or completion of AICPA course Estate & Trust Primer (TSE.ETP)