About the Course
Introduction
This CLE/CPE webinar will provide trusts and estates counsel guidance on tax reporting obligations and key challenges in probate and estate administration. The panel will discuss complex issues encountered by practitioners, tax rules and tax traps to avoid, key provisions of the Internal Revenue Code, and tax planning and reporting challenges.
Description
The tax obligations during probate and estate administration present unique and complex issues that require an in-depth understanding of the reporting requirements and various tax forms, schedules, and deadlines. Estate planners and tax counsel must tackle challenges stemming from federal and state tax reporting requirements to ensure the proper administration of an estate.
In the administration of estates and trusts under federal tax law, a fiduciary's primary objective is to fulfill the tax reporting obligations and avoid any income tax traps and IRS scrutiny of tax filings. Estate planners and tax counsel must acquire the necessary expertise to handle specific income tax reporting and administrative issues regarding partnership interests, distributable net income, Section 645 elections, and other essential items impacting income taxation of an estate.
Listen as our panel discusses income tax rules, reporting, and tax traps faced by administrators, and provides an in-depth analysis of required tax forms and avoiding unexpected income tax liability.
Presented By
Mr. Fiore has significant experience with tax and financial matters affecting high-net-worth individuals and families. He has worked with numerous families and closely held businesses to develop and implement wealth maximization plans through the use of family entities, income tax planning, stock option planning, charitable giving strategies, and effective gift and estate tax planning.
Ms. Rossettini is an experienced attorney and CERTIFIED FINANCIAL PLANNER™ Professional. A New Jersey native, she studied Psychology and Music at Rutgers University and earned her Bachelor of Arts degree in 1995. Ms. Rossettini studied Law at Widener University Delaware Law School and earned her Juris Doctor degree in 1998.
Ms. Weisgerber practices in the areas of estate planning, elder Law, probate law, family law, real estate, business law and tax controversies.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, December 2, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Tax responsibilities in probate and estate administration
A. Final individual income tax return
B. Form 1041: Estate income tax return
C. Form 706: Estate tax return
D. Form 709: Final gift tax return
II. Available deductions and credits
III. Sec. 645 election for income tax purposes
IV. Stepped-up basis and related matters
V. Best practices for counsel and advisers in dealing with the IRS
The panel will discuss these and other key issues:
- Navigating tax responsibilities in probate and estate administration
- Applicable federal tax rules and state tax law issues
- Required forms, schedules, and deadlines
- Types of income reportable on estate income tax returns
- Minimizing IRS scrutiny and handling IRS communications and issues
