Navigating Art Assets: Investment, Valuation, and Estate Planning

Overview

Edward Zollars, CPA, explores key shifts in the tax landscape, from the IRS Direct File program’s rollout and its cost-effectiveness debate to heightened scrutiny of ERC claims. He emphasizes audit preparedness, accurate documentation, and evolving IRS guidance. Zollars also examines the Loper Bright case’s impact on agency regulation interpretation and the Express Scripts decision’s implications for software-related deductions, equipping professionals to navigate today’s complex, rapidly changing tax environment.

Highlights

• artificial intelligence in accounting
• emerging technology trends
• IRS compliance guidelines
• federal tax updates

Objectives

• Identify key strategies for managing art assets to optimize financial outcomes and mitigate risks in estate planning
• Recognize the importance of provenance and clear title in verifying the authenticity and value of art collections
• Distinguish between the roles of private banks and boutique lenders in art finance and their impact on clients' financial strategies
• Indicate how leveraging art collections through mechanisms like step — up in basis can minimize capital gains taxes for clients with low cost basis

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.