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This session will cover wealth transfer and post mortem planning for clients with estates valued up to $10 million. We will look at why most Americans fail to do any planning and the top reasons why planning is so critical. We will cover the ins and outs of the portability election and how it compares to the use of conventional trusts, along with administrative and fiduciary elections and situations where the estate is an owner of a partnership or S corporation interest.
Objectives:
- Summarize why all clients should have an estate plan
- Identify the various post-mortem elections available to executors and trustees
Sharon Kreider and Karen Brosi, in their usual fast paced style, will update you on individual tax news that you missed while you were suffering through another brutal tax season. The session will include 2021 changes included in the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act, highlighting planning issues for the balance of the year. A discussion of 2021 Tax Court decisions and IRS rulings will illustrate exam targets for your individual clients.
Objectives:
- Recognize how new tax legislation affects individual clients.
- Identify planning ideas for our individual clients and their 2021 tax returns.
- Review Tax Court decisions and IRS rulings to illustrate IRS exam targets.
Tony Nitti will take you through what's new in the world of business taxation. Nitti will address recent legislation and administrative rulings, and also take a look at potential changes over the coming months.
Recent changes in tax law have affected real estate owners and investors. In addition, the current administration is proposing further changes that could have a dramatic impact on taxpayers holding real property. This session will look at recent laws, rulings and court cases as well as possible legislative changes and provide practical tips and planning ideas to pass along to your clients.
Objectives:
- Identify recent new tax laws, rulings and Tax Court cases affecting real estate investors
- Describe potential changes and their impacts on real estate owners
- Review master planning ideas for real estate clients using current and proposed law
This session will cover all of the updates to international tax that you need to know about. this includes any recent legislation, regulations and case law as well as proposed legislation impacting International Tax.
Objectives:
- Identify recent updates in statute, regulations case law as they relate to international tax
- Identify the various proposed international tax law changes
- Illustrate how the proposed international tax law changes will impact individual taxpayers as well as corporate taxpayers.