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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Wednesday, October 29, 2025

  • schedule Time

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

  • timer Program Length

    110 minutes

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).


  • Live Online


    On Demand

Early Bird Pricing!
MSRP
$197.00
$147.00
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Discount expires 8/27/25

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CPE
ALL

This webinar will review essential revenue rulings and other authoritative legislation that are frequently relied upon by trust and estate planning professionals. Our panel of experienced estate attorneys will discuss the nuances of notable guidance that has significantly shaped estate and income tax planning.

Faculty

James M. Kane
Attorney
Kane Law LLC

Mr. Kane is a tax and trust planning attorney. He is AV Rated on martindale.com and listed on superlawyers.com. For approximately the past 15 years Mr. Kane handled an extensive amount of non-tax trust and estate litigation (and trust/estate planning); although beginning in 2022 handles primarily trust and estate planning; with litigation now only as a consulting and expert witness for both tax and non-tax disputes, especially where trusts are at center stage. Prior to law school he was an IRS Revenue Agent with the Atlanta IRS large-case examination division.

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Jeffrey L. Williamson
Founder
J. L. Williamson Law Group, LLC

Mr. Williamson’s practice specializes in taxation and estate planning. He has particular expertise in estate and gift taxation, income taxation of partnerships, and taxation issues unique to tax-exempt entities. He is also knowledgeable in the federal and state Medicaid rules and is skilled at drafting trusts and other types of sophisticated agreements.

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Description

Many key revenue rulings serve as a foundation for trust and estate planning for advisers. These long-standing precedents are frequently incorporated in inheritance plans without knowledge of their origins. Techniques for ensuring property and assets are included in a decedent's estate, heirs receive a basis step-up, and donors retain specific rights during their lifetime are often based on guidance contained in these cornerstone rulings.

For example, Revenue Ruling 71-143 explains that a decedent's trust established for his daughter for her support and education is properly not included in the estate. At the same time, the son's trust, which could be invaded for special needs, was included. All trust and estate practitioners should be familiar with the nuances of these authoritative rulings to ensure they are properly interpreted and applied.  

Listen as our panel of tax and trust planning veterans reviews significant revenue rulings, revenue procedures, and PLRs that provide the framework for current estate plans. 

Outline

I. Revenue rulings and levels of authority

II. Revenue Ruling 70-155: Retaining Occupancy of Residence

III. Revenue Ruling 73-143: Settlor Serving as Trustee with Ascertainable Standards

IV. Revenue Ruling 85-13: Transactions with Grantor Trusts

V. Revenue Ruling 95-58: Removal and Replacement of Trustees

VI. Revenue Ruling 2002-2: QTIPing an IRA

VII. Revenue Ruling 2008-22: Substitution Power

VIII. Revenue Ruling 2023-2: Basis of Property Acquired from Decedent

IX. Rev. Proc. 2004-64: Trustee tax reimbursement powers

X. PLR 200413011: Incomplete Gift Inter-Vivos QTIP Trust

XI. PLR 200147043; 199026036: Power of Substitution for Inter-Vivos QTIP Trusts 

XII. PLR 201216034; 199311021: Defective Trust Status for a QTIP Beneficiary Spouse

Benefits

The panel will cover these and other critical issues:

  • What is a revenue ruling?
  • The hierarchy of federal tax authority
  • The significance of certain PLRs on QTIP planning
  • How specific legislation has shaped estate planning
  • Utilizing cornerstone revenue rulings in current estate plans

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify key historical revenue rulings
  • Determine the hierarchy of federal tax guidelines
  • Decide how long-standing cornerstone revenue rulings impact current estate plans
  • Ascertain missteps to be avoided in applying principles of key trust and estate revenue rulings

  • 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.


Strafford Publications, 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

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