The rules for reporting tax basis of assets are complex. Are you confident enough in your knowledge of the basis consistency rules to ensure you are correctly administering your clients' estates? Clarify the rules and get practical tax-saving tips from experienced faculty - register today!
Delve deep into the basis consistency rules and reporting requirements.
Adapt your tax planning and reporting practices to reflect the requirements.
Learn practical compliance tips to help the estate and recipients avoid penalties.
Discover which estate assets are subject to basis consistency requirements.
Determine what asset valuation method to use for basis reporting purposes.
Review essential forms and understand crucial filing and furnishing requirements.
Who Should Attend
This program is designed for attorneys. It will also benefit accountants and CPAs, estate planners, trust officers, and paralegals.
Basis Consistency Law: When is it Necessary to File and to Whom?
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.This program is designed to qualify for 3.50 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint, refund and program cancellation, please contact our offices at (800) 930-6182.
This is an Intermediate level program presented in a group internet-based setting. Accountants should have a basic understanding of tax basis reporting. No advanced preparation is required.Upon completion of this course, attendees should be able to:1. Identify which estates are subject to tax basis reporting requirements.2. Name the relevant tax forms.3. Explain the penalties for inconsistent reporting.Field(s) of Study -- Taxes.
Janathan L Allen is a partner with Allen Barron, Inc., an estate planning and financial advisory firm located in San Diego. She is also senior partner at Janathan L. Allen, APC. Ms. Allen has an extensive international tax, accounting, finance, and legal background; and has worked with a diverse group of businesses, advising clients in legal, financial, and tax arenas. She began her career in the public accounting arena and then moved into the private sector as tax director for a biotech firm, Hybritech, Inc. Ms. Allen progressed to controller and CFO/legal counsel positions for a number of San Diego companies before becoming a partner at Allen Barron, Inc., and founding Janathan L. Allen, APC. Ms. Allen earned her B.S. degree from the University of Montana; her M.B.A. degree from the University of San Diego; her LL.M. degree from the University of San Diego School of Law, San Diego, California; and her J.D. degree from Southwestern University School of Law, Los Angeles, California.
Neal B Jannol is a sole practitioner in Los Angeles at the Law Office of Neal B. Jannol. He has been an attorney for more than 20 years, and concentrates his practice on sophisticated estate and tax planning for individual clients, the representation of individual and corporate fiduciaries, and the administration of estates and trusts. Mr. Jannol's experience includes drafting revocable and irrevocable trusts, business succession planning, premarital planning, charitable gift planning, and all aspects of estate administration and probate procedures. He is a member of the State Bar of California. Mr. Jannol earned his B.A. degree, magna cum laude, from the University of California at Los Angeles; and his J.D. degree from the University of California at Berkeley, Boalt Hall School of Law.
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