BarbriSFCourseDetails
  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

IRS Scrutiny of Trusts: Abusive Trust Arrangements

Preparing for and Handling IRS Trust Examinations

$197.00

This course is $0 with these passes:

CPE
ALL
  1. keyboard_arrow_leftBack
BarbriPdBannerMessage

About the Course

Introduction

This webinar will review the current state of IRS challenges to trusts. Our panel of trust and estate advisers will discuss trust structures, targeted abusive tax schemes, recent cases and rulings, and how to prepare for and handle an IRS audit of a trust.

Description

The IRS has increased its scrutiny of wealthy taxpayers. Since trusts are significant wealth transferring, tax-saving, and privacy vehicles, this has precipitated an intense focus on trusts by the IRS. Unfortunately, unscrupulous promoters have historically marketed trust arrangements that evade federal income tax, often charging hefty fees.

The IRS maintains a website designated to these abusive tax evasion schemes. The site details basic trust taxation rules, abusive domestic and foreign trust schemes, and other pertinent information, including a list of relative laws and arguments. Among these are landmark cases like Gregory v. Helvering and Lucas v. Earl. Trust and estate advisers should be familiar with the nuances of these cases, their application to trusts, and recent court decisions relative to trust arrangements.

Listen as our panel of fiduciary tax experts explains how to review current trust structures and prepare for IRS examinations of trusts.

Presented By

Cliff A. Capdevielle
Shareholder
Parent: Saltzman Mugan Dushoff

Mr. Capdevielle helps clients navigate the complex opportunities related to tax planning, business succession planning, and estate planning, and seeks to maximize tax savings and reach their goals.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Matthew L. Roberts
Partner
Meadows Collier Reed Cousins, LLP

Mr. Roberts is a tax litigator and trusted advisor with considerable experience helping U.S. and international clients successfully resolve all types of federal tax controversies involving civil or criminal liability, from tax audits and investigations to litigation, appeals and collection matters. Having served nearly three years as an attorney-advisor to the Chief Judge of the U.S. Tax Court in Washington, D.C., Mr. Roberts brings unique insight to navigating intricate government processes and developing innovative and cost-effective solutions to his clients’ tax problems. His client list spans many industries and ranges from individuals and entrepreneurs to non-profits, trusts and estates, partnerships and corporations.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Wednesday, May 22, 2024

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Trust basics
  2. Types of trusts
  3. Targeted abusive tax schemes
  4. Recent cases and rulings
  5. Handling an IRS trust examination
  6. Properly reviewing and structuring trusts
  7. Best practices

The panel will cover these and other critical issues:

  • How to prepare for IRS examinations of trust arrangements
  • What abusive tax schemes are being targeted by the IRS
  • The impact of recent and landmark cases on trusts
  • Trust taxation and types of trusts

Learning Objectives

After completing this course, you will be able to:

  • Identify basic types of trusts
  • Determine how recent cases impact trust arrangements
  • Decide how to best handle an IRS examination of a trust
  • Ascertain key differences between proper and abusive trusts
  • 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.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

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 .