Fiduciary Taxation Part 4: Miscellaneous Topics & AMT 25-26
2.00 Credits
Member Price $99
Non-Member Price $129
Overview
The final webcast in this series focuses on the special rules that apply when a fiduciary entity invests in real estate or other passive activity assets, elects the 65-day rule, makes specific bequests to beneficiaries or incurs alternative minimum tax (AMT). The underlying statute for AMT is written for individual taxpayers and the fiduciary or adviser must apply the statute to the special rules and calculations that determine fiduciary taxation. Be sure to register for all courses in this series: Fiduciary Taxation Part 1: Introduction to Form 1041 Fiduciary Taxation Part 2: Fiduciary Accounting & Simple Trusts Fiduciary Taxation Part 3: Complex Trusts & Charitable Deduction Fiduciary Taxation Part 4: Miscellaneous Topics & AMT
Highlights
Review the Passive Activity Rules under IRC Sec. 469 as they apply to fiduciary entities The 65-day Rule and Election Under IRC Sec. 663(b) Special Rules for Specific Bequests under IRC Sec. 663(a) Alternative Minimum Tax for Trusts & Estates AMT Bracket Rates and Exemption for Fiduciary Entities Alternative Minimum Tax Spreadsheet Approach Using AMT Problem Example with Passive Activity Loss (PAL)Prerequisites
Fiduciary Taxation Part 3: Complex Trusts & Charitable Deduction
Designed For
Tax practitioners, accountants and financial professionals.
Objectives
Determine and review Passive Activity Rules for Trusts & Estates Recognize and analyze the benefits and requirements for the 65-Day Rule Recognize specific bequests and their tax treatment Determine AMT taxation for fiduciary entities Analyze the tax spreadsheet having both a PAL and AMT for Form 1041Preparation
None
Leader(s):
Leader Bios
Jacqueline Patterson, CalCPA Education Foundation
Jacqueline A. Patterson, JD, MBT, CPA, is a partner in the Los Angeles based firm of Haney, Buchanan & Patterson, LLP. She is a member of the California State, Los Angeles, and Beverly Hills Bar Associations. Ms. Patterson has written and facilitated full day tax seminars in the areas of corporate taxation, the income taxation of trusts and estates, tax research and planning, real estate transactions, charitable trusts and received the Foundation’s Meritorious Service Award in 2000.
Non-Member Price $129
Member Price $99