Tax law changes have shaken up every tax practice and procedure in use. This course goes over the fundamentals of income tax to give you a practical refresher. Get the latest information on income taxation of trusts and estates, and use it effectively to minimize your clients' tax burdens. Register today!
Learn income tax planning and reporting tips and tricks from a specialist.
Distinguish between taxable and accounting income.
Properly plan and document trust deductions and distributions.
Avoid common mistakes when completing a decedent's final income tax return.
Recognize and prevent fiduciary liability for payment of income tax.
Relevant Tax Laws Overview and Update
Taxable Income Calculations
Trust Deductions, Elections, Expenses
Who Owns the Income at the Death of the Decedent?
Form 1041 and Schedule K-1 Preparation: What You Need to Know
T. JAMES LEE is a shareholder and director in the Phoenix office of Fennemore Craig, P.C., and chairs the firm’s private wealth preservation (trusts and estates) practice group. He is certified as a trust and estate specialist by the State Bar of Arizona; and practices in the areas of estate planning, trust and estate administration, charitable giving, business design and structuring, international taxation, and commercial transactions. Mr. Lee is a member of the American Bar Association, the Utah State Bar, the ABA's Committee on Estate and Gift Taxes (Taxation Section), and is a fellow of the American College of Trust and Estate Counsel (ACTEC). He earned his undergraduate degree in business management from Brigham Young University, with distinction as the top business school graduate in the area of entrepreneurship. He graduated, with honors, from the J. Reuben Clark Law School at BYU.
ROGER J. McCLURE is a practicing attorney with Washington Wealth Counsellors® PC, and has more than 35 years of experience. He maintains a business, estate, and charitable planning law practice based in Virginia. He has conducted civil and criminal trials in local courts; represented creditors in bankruptcy proceedings; and litigated antitrust and trade regulation cases involving the largest corporations in America in federal regulatory proceedings. Mr. McClure served 10 years in the Virginia Legislature (House of Delegates) and is past president of the Northern Virginia Estate Planning Council and the Northern Virginia Apartment Association. He has published books and articles in ABA publications. Through WealthCounsel and his professional associations, he works with professionals in every state to assist their clients in solving problems and enhancing planning. Mr. McClure holds an undergraduate degree in international studies, a Masters Degree in political science from Northwestern University, and his J.D. degree, with honors, from The Ohio State University Law School.
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