In-Depth Seminar: Taxation of Estates and Trusts

Provides up to 8 Hours CPE

Registration Cost: $210 Registration Fee ($240 after September 5)

The fee for this one-day seminar includes seminar materials, a light continental breakfast, lunch, snack, and beverages.

Date and Location

Check-In: Begins at 7:30am

Instruction: Begins at 8:30am and ends at 4:45pm

Program Level: Intermediate

Approved by the IRS for Continuing Education

Additional Filings Available: Illinois MCLE, Illinois Insurance, and CFP

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Seminar Details

It is estimated that 10,000 baby boomers will reach retirement age every day through 2025. Many of these retirees may decide to establish trusts, an important cornerstone of a sound estate plan. There are unique tax challenges and consequences for trusts and estate returns. Are you prepared to help your clients with their preparation of estate and trust tax returns?

In this 1-day seminar, Dr. William Kulsrud will explain various estate and trust taxation issues, including taxation consequences, trust classifications, special considerations such as a personal residence held by trust or estate, revocable trusts, and more. Dr. Kulsrud is an extremely popular presenter who is able to make the most complex issues understandable. You will not only leave his seminar with a full picture of trusts and estates taxation, but also with information to help you best advise your estate and trust clients on their taxation issues.

Why you should attend...

  • Advise your clients on the tax consequences of creating trusts and estates
  • Learn how to calculate fiduciary taxable income, distributable net income, and the distribution deduction
  • Prepare yourself to help your clients address special estate and trust taxation considerations, including a personal residence held by trust or estate, ยง121 exclusion, selling expenses, and more.

About our Speaker

William N. Kulsrud, PhD, CPA, is Associate Professor of Accounting and Chair of the Master of Science in Accounting (MSA) at the Kelley School of Business at Indiana University-Indianapolis. In addition to winning multiple teaching awards from IUPUI, Dr. Kulsrud was named the 2009 Outstanding CPA by Indiana Business Magazine. Dr. Kulsrud previously taught two courses for the University of Illinois Tax School: C Corporation Webinar Series (2011) and Form 1041 Essentials: Trusts and Estates (2006).

Date and Locations Details

Learning Objectives, Materials, etc.

Learning Objectives: By attending this seminar, you will be able to:

  • Describe the consequences of establishing trusts and estates
  • Explain the difference between simple and complex trust calculations
  • Calculate fiduciary taxable income, distributable net income, and the distribution deduction
  • Complete Form 1041

Materials: All attendees will receive a copy of William Kulsrud's book, Income Taxation of Estates and Trusts.

CPE Credits: Up to 8 CPE credits, based on the length of your attendance.

Delivery Method: Group-Live Presentation

Program Level: Intermediate

Field of Study: Taxes

Prerequisite(s): Experience in preparing tax returns and familiarity with trusts and estates

Advanced Preparation: None

CPE Accreditation

The University of Illinois Tax School is a sponsor of CPE for a variety of professional designations such as CPAs, EAs, CFPs®, attorneys, and insurance, etc. Agencies that typically recognize the University of Illinois Tax School as a sponsor of continuing education are:

  • Certified Financial Planner Board of Standards
  • Illinois Department of Insurance
  • Illinois Department of Professional Regulation
  • Internal Revenue Service
  • Iowa Supreme Court Commission on Continuing Legal Education
  • Missouri Bar Association
  • MCLE Board of the Supreme Court of Illinois

NASBA Accredited Continuing Education Provider LogoUniversity of Illinois Tax School (formerly Univ. of IL at Urbana-Champaign) 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 credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

IRS-Approved Continuing Education Provider LogoThe Tax School has been approved as an IRS Continuing Education Provider. Tax preparers should always look for IRS approved providers when fulfilling their continuing education requirements.

Visit www.irs.gov/taxpros/ce for more information.

Participants are awarded credit based upon actual hours in attendance. Most accrediting groups recognize 1 hour of credit per 50 minutes of instruction. Some CLE groups recognize 1 hour of credit per 60 minutes of instruction.

Certificates of attendance are issued to participants after seminars conclude. In most cases, certificates are emailed after the conclusion of all seminars.

For EAs, Illinois Insurance professionals and CFPs®, the Tax School Office submits participant credit hours directly to the accrediting agencies.

An additional fee is required for processing CPE credits for IL insurance, CFP®, and IL MCLE.

See Frequently Asked Questions about CPE.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Modified: July 17, 2012