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Friday, November 1, 2024 Live Webcast

Estate & Trust Primer - Tax Staff Essentials (X3-4514870)

12:00 PM - 4:00 PM EDT
webcast

Vendor Platform

4 CPE Credits in TX

OVERVIEW

Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. This CPE course will help you to understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare federal Form 1041 and the accompanying schedules.

DESIGNED FOR

CPAs, financial advisers, estate attorneys

BENEFITS

  • Identify the elements of trusts and estates.
  • Recall the filing requirements for estates and trusts.
  • Indicate how electing small business trusts are taxed.
  • Identify which deductions and credits are allowed for estates and trusts.
  • Recall the significance of the Uniform Principal and Income Act (UPAIA).

HIGHLIGHTS

  • Types of trusts
  • Trustee powers
  • Recognition and realization of income
  • Elements of an estate
  • Taxation of trusts and estates
  • Basic concepts of estate planning
  • COURSE LEVEL

    Basic

    PREREQUISITES

    None

    ADVANCE PREPARATION

    None

    INSTRUCTOR

    William Murphy

    William F. Murphy, CPA/PFS, ABV, CFF, CGMA, CVA

    AICPA

    William F. Murphy is the owner of Murphy Financial Group, P.C. The firm emphasizes in providing tax consulting and financial planning services to corporations, professional practices and individuals. He also provides consultation services on tax and financial planning issues to various news and publishing organizations on current tax law changes occurring within federal and state government. He is also the author of the “Murphy Minute” that is syndicated through various news organizations. Mr. Murphy is also associated with the law firm of Mallor Grodner LLP. The firm has offices in both Indianapolis and Bloomington Indiana. He assists in providing tax, valuation and financial analysis services focusing in the areas of Family law, Business transactions and Estate tax planning. In addition to being a Certified Public Accountant (CPA), Mr. Murphy holds the accreditation in business valuations as an Accredited in Business Valuation (ABV) awarded by the American Institute of Certified Public Accountants. Mr. Murphy also holds the designation of a Personal Financial Specialist (PFS) and Certified in Financial Forensics (CFF) also awarded by the American Institute of Certified Public Accountants. Mr. Murphy also holds the designation of Chartered Global Management Accountant (CGMA) awarded by the American Institute of Public Accountants. Mr. Murphy also holds the designation of Certified Valuation Analyst (CVA) awarded by the National Association of Certified Valuation Analysis. Mr. Murphy has also worked with the local NBC affiliate (WTHR) for business segments with Mr. Lester Holt and radio station WIBC. In addition to these organizations, Bill has appeared as an expert witness in numerous state and federal court cases involving marital and business disputes and has lectured extensively on valuation and tax issues throughout the United States. Mr. Murphy is also an instructor at the Kelley School of Business in Indianapolis, Indiana and contributes to the Indiana Business Journal on articles involving business taxation and valuation. Mr. Murphy has presented numerous programs at the state and national level for American Institute of Certified Public Accountants, National Business Institute, Western CPE, Indiana Continuing Legal Education Forum, Indiana CPA Society, National Association of Certified Valuation Analysts and The Exit Planning Institute as well as for other local continuing educational programs. He is a former chairman of the Ethics Committee for the Indiana CPA Society and the chairman of AICPA 2013 Small Business Practitioners Tax and Tax Controversy Conference. Bill also has held an Indiana Insurance License and is involved with several financial planning organizations in the Indianapolis area. Prior to Bill’s association with the law firm of Mallor Grodner LLP he was associated with Murphy & Company, P.C. for over twenty five years (the predecessor of Murphy Financial Group P.C.). While at Murphy & Company, P.C. he was Director of Entrepreneurial and Tax Services and was the firm’s majority shareholder. The firm specialized in taxation, business valuations and small business formation. Prior to establishing his own firm in 1982 Mr. Murphy worked as a Director for the Indiana Attorney General's Office while attending Indiana University law school. Mr. Murphy graduated from Butler University with honors in 1973 and was admitted to practice as a Certified Public Accountant in the State of Indiana on December 7, 1977. He now serves on the Board of Visitors for the Butler University School of Business.

    PRICING

    $213.00 - Member

    $261.00 - Nonmember

    Pre-Registration Closed

    Online pre-registration for this event is now closed.

    ADDITIONAL OPTIONS

    Print a registration form

    ALSO AVAILABLE

    COURSE DEVELOPER

    AICPA/NJCPA