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 is a managing director in the Andersen US National Tax office, where he focuses on gift, estate, individual, charitable and fiduciary tax consulting, and compliance matters. Mr. Fiore has significant experience with tax and financial matters affecting entrepreneurs, executives, and other high-net-worth individuals. 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. Mr. Fiore has been published and interviewed in Trusts & Estates, Practical Tax Strategies, The Metropolitan Corporate Counsel, and The Tax Stringer, and is a frequent speaker on tax planning matters. He is also a co-author of the Andersen treatise, Tax Economics of Charitable Giving.
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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BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE 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
Learning Objectives:
After completing this course, you will be able to:
- Recognize the tax responsibilities in probate and estate administration
- Understand the applicable federal tax rules and reporting requirements for probate and estate administration
- Identify required tax forms, schedules and deadlines applicable to probate and estate administration
- Understand the types of income reportable on estate income tax returns
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .
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