2020 Trust In-Depth Online Seminar - University of Illinois Tax School
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Online Seminar — Expand Your Tax Practice: Capitalize on the Trust Explosion!

Up to 8 CPE credits for $250!

The University of Illinois has indefinitely suspended all events with groups over 50 participants because of the COVID-19 virus. Due to the uncertain timeframe involved, for your safety and convenience, we are offering this in-depth seminar online rather than as live in-person instruction. The seminar will be taught in four 2-hour online sessions over the course of two days.

To register, choose your online seminar dates below.

According to a CNBC report from February 2019, we are living through history's greatest transfer of assets from one generation to the next. The older generation often wants to protect and preserve assets for their heirs, so trusts are exploding in popularity. As the client's most trusted advisor, it's important that you have the knowledge and tools to guide your clients in their decision making. Expanding your practice into the area of trust taxation can help you meet your client's needs. This online seminar answers questions like:

Trust textbook cover Includes a printed copy of the newest edition of CCH's Federal Income Taxation of Decedents, Estates and Trusts, a $229 value!
  • What should I ask a client who comes to me wanting to plan for their wealth transfer?
  • What can I do to help my client with planning?
  • How do I recognize the type of trust that's been established?
  • Who pays the tax... the trust, the beneficiary or both?
  • What should I look for in the trust document?
  • How do I prepare a trust return?

Online Seminar Details

Provides up to 8 hours CPE.

Registration Fee: $250

The fee for this seminar includes a printed copy of CCH's Federal Income Taxation of Decedents, Estates and Trusts (a $229 value!). The textbook will be shipped to you in advance of the online sessions.

Dates:

  • June 17–18, 2020 (four 2-hour online sessions, two each day)
  • June 23–24, 2020 (four 2-hour online sessions, two each day)

NASBA Program Level: Overview

CPE Filings Available: Illinois MCLE, IRS

In order for attendees to receive their books in time for the online sessions, all registrations for this seminar MUST be received by the end of business on Tuesday, June 9. Once your textbook ships, no cancellations or registration transfers will be permitted.

Instructor Bio

Tom O'Saben Tom O'Saben, EA, EA, has been an instructor for the Tax School from 2005–2008 and 2011 to present. He joined the Tax School team full-time as Assistant Director, Professional Education and Outreach in 2019. He has presented tax related instruction for various organizations throughout the country since 2003. Tom has been a tax practitioner since 1991. Tom earned his bachelor's degree from Southern Illinois University Edwardsville.

Dates and Locations

Two options:

  • Wednesday, June 17, 2020 and Thursday, June 18, 2020
    • 10:00AM–12:00PM on Wednesday, June 17
    • 1:00PM–3:00PM on Wednesday, June 17
    • 10:00AM–12:00PM on Thursday, June 18
    • 1:00PM–3:00PM on Thursday, June 18
  • Tuesday, June 23, 2020 and Wednesday, June 24, 2020
    • 10:00AM–12:00PM on Tuesday, June 23
    • 1:00PM–3:00PM on Tuesday, June 23
    • 10:00AM–12:00PM on Wednesday, June 24
    • 1:00PM–3:00PM on Wednesday, June 24

Note: You must register for the seminar sessions as a block, e.g., June 17 & 18 or June 23 & 24. You cannot mix and match dates and times. Transfers between individual sessions are not permitted.

Learning Objectives, CPE, and More

Learning Objectives: By attending this seminar, you will be able to:

  • Ask pertinent questions of a client who has or is contemplating establishing a trust
  • Define and apply trust terminology
  • Prepare federal and state trust returns (Form 1041 and IL-1041)
  • Describe how the Tax Cuts and Jobs Act impacts trust filings and taxation
  • Calculate fiduciary accounting income (FAI) and distributable net income (DNI)
  • Compare different trusts types, including how and why they are used, and tax return filing requirements
  • Advise clients about trust tax issues, including those associated with taxation and planning opportunities
  • Identify who's responsible for paying tax; the beneficiary, the trust, or both

Audience: Seasoned tax professionals with limited exposure to trust taxation.

Materials: All attendees of this online seminar will receive a printed copy of CCH's Federal Income Taxation of Decedents, Estates and Trusts (a $229 value) in advance of the online sessions.

Delivery Method: Group Internet-Based

NASBA Program Level: Overview

Field of Study: Taxes (NASBA), Federal Tax (IRS)

Prerequisite(s): Professional experience preparing tax returns

Advanced Preparation: Testing your system (instructions to come)

CPE Credit

TITLE
CPE credits Up to 8.0 based on attendance
Field of Study (NASBA) Taxes (8)
IRS Category Federal Tax (8)
IL MCLE Taxation (6.5)

Please see the CPE FAQ for more information.

CPE Accreditation

The University of Illinois Tax School is a sponsor of CPE for a variety of professional designations such as CPAs, EAs, CFPs®, attorneys, and insurance, etc. Agencies that typically recognize the University of Illinois Tax School as a sponsor of continuing education are:

  • Certified Financial Planner Board of Standards
  • Illinois Department of Insurance
  • Illinois Department of Professional Regulation
  • Internal Revenue Service
  • Iowa Supreme Court Commission on Continuing Legal Education
  • Missouri Bar Association
  • MCLE Board of the Supreme Court of Illinois

NASBA Accredited Continuing Education Provider LogoUniversity of Illinois Tax School 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.


IRS-Approved Continuing Education Provider LogoThe Tax School has been approved as an IRS Continuing Education Provider. Tax preparers should always look for IRS approved providers when fulfilling their continuing education requirements.

Visit www.irs.gov/taxpros/ce for more information.


Participants are awarded credit based upon actual hours in attendance. Most accrediting groups recognize 1 hour of credit per 50 minutes of instruction. Some CLE groups recognize 1 hour of credit per 60 minutes of instruction.

Certificates of attendance are issued to participants after seminars conclude. In most cases, certificates are emailed after the conclusion of all seminars.

For EAs, Illinois Insurance professionals and CFPs®, the Tax School Office submits participant credit hours directly to the accrediting agencies.

An additional fee is required for processing CPE credits for IL insurance, CFP®, and IL MCLE.

See Frequently Asked Questions about CPE.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Last updated 4/21/2020 6:21:07 AM

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