The session will explore U.S. income, estate and gift tax implications of foreign investment and activities in the United States as well as reporting obligations of U.S. taxpayers with offshore activities.
This discussion will consider recent cases, rulings and legislation regarding the estate -- gift and generation skipping tax. Learning objectives:
1. Understand the new tax bill and how it impacts estate plans.
The new Section 199A 20% small business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This session focuses on strategies involving trusts and estates that will help your clients optimize the deduction.
Many advisors shy away from implementing and administering advanced estate planning strategies. Gaining the knowledge and confidence to add these services to your practice can provide tremendous value to your clients.
The four topics presented for this session will be:
• Rev Proc 2016-47 – Hardship Relief for late rollover by Steve Bigge
• Rev Proc 2017-34 – Portability relief by Peggy Ugent
• Disclaimers – by Fran Schafer
The new Section 199A 20% small business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This session focuses on the detailed mechanics of the new code Section and best planning techniques.
S Corporations can have only certain types of shareholders. Only US citizen or resident individuals, estates and certain types of trusts are permitted S corporation shareholders. During this session participants will learn about:
This session will focus on the non tax advantages and tax advantages of using a trust in planning ones estate.
1. Determine what type of trust may be necessary for a clients tax and non tax objectives to be achieved.
This presentation addresses critical aspects of planning, reporting on a transfer tax return, and addressing on audit a number of valuation issues related to family limited partnerships, limited liability companies, S Corporations, and other hard
In this in-depth look at irrevocable grantor trusts, we will review topics such as income tax reporting, potential generation-skipping transfer tax consequences, and the impact of formula adjustment clauses on gift tax compliance.
This presentation covers more advanced aspects of fiduciary accounting and some opportunities that are available in a tax regime where it is costly to accumulate ordinary income and capital gains in an estate or non-grantor trust.
Recent changes in the wealth transfer tax laws have caused clients to rethink previously implemented strategies such as family limited partnerships. This may cause families to dissolve existing partnerships while the transferor is still alive.
This session will cover:
• Roles of each of the advisors and how to work with each
• Planning the initial meeting with the executor/trustee
• Estate tax related tasks and issues
• Income tax related tasks and issues
This program will provide guidance in translating theoretical rules to actual practice regarding preparation of the Form 709, recent trends in planning and reporting issues , changes to grandfathered or exempt trusts and options to address prior m
This session will introduce key concepts in the Revised Uniform Fiduciary Access to Digital Assets Act, which has been enacted or introduced by all but a small minority of states within the last three years.
Get ready for your close-up and take a fun and education break from the conferences more technical sessions to find out how estate planners can use movies to illustrate estate planning concepts to clients and move the process forward.
This session will focus on issues that affect our clients as they age. With the enhanced federal estate tax exemption, many clients are now more concerned with how to obtain and pay for long-term care.
This session will:
1. Update participants on current Ethics principles for Estate and Gift tax matters.
2. It will cover Circular 230, AICPA Code of Conduct, and SSTSs as they apply to Estate and Gift Tax matters.
In this session, Wenli Wang will be discussing the impact of rapid changes in technology and development in AI on our profession. Learn how you can adapt to these changes and the new skills needed to keep ahead of the game.
In the Modifying an Irrevocable Trust with Decanting and other Alternatives Session, the speakers will discuss ways to modify irrevocable trusts to make them more efficient for creditor, estate and income tax purposes.
Participants in this session will learn the similarities and differences between donor advised funds and private foundations and when and how to use these two powerful charitable giving platforms. Participants will:
The trajectory of our duties and responsibilities toward clients and others is evolving in a sharp upward spiral. Expanding theories of liability have contributed to a huge increase in malpractice actions against estate planners.
From both an estate and income tax planning perspective, this session will discuss straight-forward and innovative planning opportunities for families and their businesses to best take advantage of both the “expiring” and “permanent” provisions in
The "Tax Jobs and Cuts Act" substantially increased the amount of gift and estate tax exemption available for each person. The changes expire after 2025. Now what do we do? Do we hurry and make gifts? Do we wait?
As the engine of the U.S. economy, small businesses make up most of our workforce. From manufacturers, to pre-Silicon Valley IPOs to Main Street America, they drive innovation, job creation and help us compete in the global economy.