Date: Wednesday, February 17, 2021
Time: 11:00 a.m.–12:15 p.m.
Cost: Free to attend (after attending we will email you a gift card to purchase a future lunch)
RSVP to program facilitator Mary Owiesny at mowiesny@honigman.com. Shortly after receiving your registration, you will be sent a Zoom invitation to attend the webinar.
This webinar provides an overview on 2021 trust income taxation hot topics, which includes a discussion on the following:
- Importance of identifying the type of trust (e.g., spotting grantor trusts and foreign trusts)
- Reminders for trusts with S corporation stock
- Material participation considerations
- Charitable contributions made by trusts
- Income allocation between trusts and beneficiaries
- Adhering to the intent and language of the trust instrument while minding tax positions of the trust and its beneficiaries
- Allocating capital gains to beneficiaries
- 65-day elections
- Form 1041-T and the ability to allocate estimated tax payments to beneficiaries
- Deductible expenses after TCJA
- State residency and related considerations
- Non-US beneficiaries of US trusts
- Filing tips for the 2021 season
Presenters
Astrid Braeuer, CPA, Tax Partner, Private Client Services, BDO, Troy
Astrid focuses on individual and fiduciary income tax, estate and gift tax, cross-border planning, financial counseling as well as tax compliance and consulting for flow-through entities, and serves a number of family-owned businesses, high net-worth individuals, and executives.
Bryan W. Bussert, CPA, Tax Senior Manager, Private Client Services, BDO, Troy
Bryan is a speaker and author on topics of estate planning, wealth transfer techniques, U.S. income taxation of estates, trusts, and their beneficiaries, and U.S. tax and information reporting requirements for globally-mobile individuals.
Moderator
Buzz S. Leach, JD, LLM, Southern Michigan Bank & Trust
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