Trust & Estate Mastery Series: Complex Trust Elections (2 hours - afternoon) - NEW! - Webcast

Overview

In this session you will learn how and when to use the various tax elections available to complex trusts, including the 65 day election (663(b)), the mark-to-market election (643(e)(3)), the charitable deduction election (642(c)(1)), the estimated tax payment election (643(g)), and the QSST and ESBT elections for trusts holding S corporation stock. You will also learn how non-cash distributions and specific bequests are taxed.

This event is part of the Trust & Estate Mastery Series Bundle. There are 10 courses included in the bundle designed to equip CPAs, tax preparers, and fiduciary professionals with a complete understanding of trust taxation—from the basics to advanced concepts.

Each course is a stand-alone topic. If you miss one in the series, no worries! Purchase individual courses or purchase the Trust & Estate Mastery Series Bundle and save up to $150!

Highlights

• Overview of complex trust taxation fundamentals
• Strategic use of tax elections for complex trusts
• The 65-day election under IRC §663(b)
• Timing and planning considerations for post-year-end distributions
• Mark-to-market election for in-kind distributions (IRC §643(e)(3))
• Tax treatment of non-cash distributions
• Charitable deduction rules and election under IRC §642(c)(1)
• Estimated tax payment election under IRC §643(g)
• QSST (Qualified Subchapter S Trust) election requirements
• ESBT (Electing Small Business Trust) election rules and tax treatment
• Planning considerations for trusts holding S corporation stock
• Tax treatment of specific bequests
• Common compliance issues and reporting considerations

Prerequisites

Basic understanding of individual taxation

Designed For

CPAs, tax preparers, and fiduciary professionals who want to understand trust taxation-from the basics of trust structure and document intrepretation to advanced concepts.