Accounting and Tax Planning for Estates and Trusts WEBCAST

Wednesday, April 28 8:00am - 12:00pm PDT

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4.0 Credits

Member Price $129.00

Non-Member Price $159.00

Overview

This program gives an introduction to fiduciary (book) accounting, the allocation of receipts and disbursements between income and principal under the Uniform Principal and Income Act, including how it impacts the calculation of the income distribution deduction for complex trusts on the Form 1041. Critical issues concerning preparing client’s Form 1041 will be addressed, with a focus on the impact of the new Section 199A 20% deduction on trusts, estates and beneficiaries.

Highlights

  • Introduction to fiduciary accounting 
  • Distinction between ""income"" and ""principal"" 
  • Discuss Uniform Principal and Income Act 
  • 2019/20 rates and brackets 
  • Section 199A pass-through income 

Prerequisites

Basic working knowledge of estate and trusts.

Designed For

Those seeking to grow their knowledge regarding accounting and tax planning for estates and trusts.

Objectives

  • Identify financial accounting, tax rules and guidelines of estates and trusts 
  •  Determine potential pitfalls and planning ideas

Preparation

None

Leader(s):

Leaders

Douglas Van Der Aa

Doug Van Der Aa is a Tax Manager for the Grand Rapids, Michigan firm of Hungerford, Aldrin, Nichols & Carter, PC, CPAs and Consultants, where he specializes in the preparation and review of individual, corporate, estate, trust and partnership tax returns for small and mid-sized businesses; acquisition, and reorganization and financing of corporations, limited partnerships and limited liability companies; complex commercial real estate transactions (Section 1031 tax-free exchanges, leasing, purchase/sale); tax research and planning. Over the past 10 years, Doug has taught several accounting and tax courses for Grand Valley State University, Hope College and Davenport University, as well as served as a speaker for the Michigan Association of CPAs. Doug received his B.S. in accounting from Dordt College and his Juris Doctor from the University of Illinois. He is a member of the MACPA, Michigan State Bar, AICPA and the Economic Club of Grand Rapids.

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Non-Member Price $159.00

Member Price $129.00