Trust Tax Deductions Rules Update 2022

Agenda / Content Covered

3:00 — 4:30, Alina Risser

1. Trust Tax Deduction Changes
   1. Which Deductions are Eliminated?
   2. Clearly Deductible Taxes, Expenses, Distributions, etc.
   3. Gray Areas (e.g. Trustee Fees, Tax Pre Fees, Administrative Expenses, etc.)
   4. Recommendations for Making Decisions in Times of Uncertainty 
2. Completing Form 1041 and Associated Schedules
3. Old Tax Techniques That No Longer Work (and a Couple New Ones That Do)

Accreditation Details:

Alina A Risser is an attorney with A Law Office of Phillip J. Oliver, P.C., in Chicago, Illinois. Ms. Risser focuses her practices in the areas of decedents’ estates (intestate and probate); will/trust contests and estate planning (including revocable living trusts, children’s trusts, spousal access trusts, charitable trusts, special needs trusts, etc.); retirement plans and guardianship administration (for adults with disabilities and minors); litigation (including citations to discover and recover assets); asset protection; complex estate and guardianship accountings; corporate planning and business succession; long term care planning; and Medicaid appeals. Ms. Risser serves as a guardian ad litem in Cook County. She earned her J.D. degree (certificate in elder law) from The John Marshall Law School and ABA-Approved Post Baccalaureate Paralegal Studies Program certificate, with honors, from Roosevelt University. Ms. Risser furthered her education by studying for European master of laws (LL.M.) and European master of comparative public administration (E.M.P.A.) from the Catholic University of Leuven (Leuven, Belgium), and Vienna University (Vienna, Austria). She earned her master’s in jurisprudence, with Honors, summa cum laude, and Ph.D. degree in international law and European union law from Kazan Federal University Law School (Kazan, Russia).