Learn what every tax professional should know about trusts and estates as well as the requirements for foreign asset reporting.
DESIGNED FOR
CPAs who assist clients with trusts and estates and/or foreign income and asset reporting
BENEFITS
Get up to date on the latest rules and best practices regarding trusts, estates and foreign income/asset reporting.
HIGHLIGHTS
- What Tax Professionals Should Know About Trusts and Estates. With anticipated intergenerational transfer of property, this session will focus on what every tax professional should know about trusts and estates. Topics will include: basic principles of trusts and estates; property ownership; the types of trusts commonly used; and planning opportunities and traps to avoid.
- A New Foreign Frontier: Foreign Income and Asses Reporting Update. With new funding, the IRS will aggressively target taxpapers with unreported foreign accounts and income. Tax professionals must identify the pitfalls of the new world of global financial transparency and learn the requirements of foreign asset reporting. Learn best practices for compliance of foreign asset disclosure; who needs to file and assets that must be reported, and the potential liability of the taxpaper and tax preparer. Learn about solutions for non-compliant taxpapers.
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Virtual CPE Pass holders must register for each event.
For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.