Top Tax Techniques with Multistate Trusts (1st Ed.)

Overview

Finance and accounting professionals must apply a disciplined, decision-first approach to using data under uncertainty. David Schlosser, PhD, Senior Advisor at Velocity Advisory Group, presents a practical system for making defensible, data-driven decisions’addressing cognitive biases, data quality and controls, and decision governance. He emphasizes when data is — good enough, — how to avoid analysis paralysis, and how to align measurement, accountability, and documentation to support sound judgment and audit-ready decisions.

Highlights

• New developments: Federal and California update
• IRS audits of estate tax returns
• New RMD rules, Roth conversions and estate planning for large retirement plans
• Update from Washington regarding tax law changes
• Helping your clients reduce, defer or eliminate capital gains taxes
• Trust reformation and decanting update
• Hot topics in international tax and estate planning and considerations for transfers to non-U.S. citizen spouses
• Valuation of notes
• The feasibility of using IDGTs and how you use it
• Planning for changing exemption in 2025
• Flow-through entities and impact on trusts
• Changing exemption panel discussion
• Charitable planning
• Special needs trusts

Prerequisites

Basic to advanced understanding of estates and trusts.

Objectives

• Understand the legal and constitutional bases upon which states tax fiduciaries
• Identify key state tax liability traps for fiduciaries
• Understand common multi-state planning opportunities
• Evaluate and respond to proposed legislative changes

Preparation

None.

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.