ENG2617. Advanced Income Taxation of Estates and Trusts (EST, TAX)

This seesion will take the attendee beyond the basics and explore the more complex situtations that a practiioner may encounter. Among the topics to be discussed are including capital gains in DNI, dealing with the fiduciary income tax deduction under Section 642(c), the income tax issues of funding bequests, how to calculate and allocate DNI on the death of a beneficiary, dealing with estates and trusts holding interests in partnerships and S corporations and more.

Learning Objectives:

• Learn how to handle the allocation of DNI when an estate or trust beneficiary dies.
• Learn how the income from a partnership or S corporation is handled when the estate or trust holds an interest in a partnership or S corporation.
• Explore the technicalities of qualifying for a fiduciary income tax charitable deduction.
• Discover how to avoid mistakes when dealing with estates and trusts with complex assets.