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Tax Talk Today Features IRS and Tax Pros Presenting, "Income Taxation of Estates and Beneficiaries - Tax Issues We Leave Behind"
[October 19, 2017]

Tax Talk Today Features IRS and Tax Pros Presenting, "Income Taxation of Estates and Beneficiaries - Tax Issues We Leave Behind"


Tax Talk Today®, an online series of webcasts educating tax professionals on current and critical tax issues, announced the topic for its October program, Income Taxation of Estates and Beneficiaries - Tax Issues We Leave Behind. The Live webcast is scheduled for Tuesday, October 24, 2 - 3:50 PM ET (2 CPE Credits).

M. Preston Chandler, IRS Program Manager, Abusive Transactions SB/SE, Examination Quality & Technical Support, Chris Hardy, EA, CFP®, ChFC®, CLU®, Owner of Paramount Tax and Accounting LLC, Alan Pinck, EA, Pinck & Associates, will focus on tax issues that remain following the death of a taxpayer. The program will examine the effect of a death in the family on Form 1040 and the filing of a decedent's final tax return. Panelists also will discuss the concept of an individual's estate as a separate taxable entity. Complete program description

The broadcast will be Archived for 12 months for viewers who are unable to watch the Live program, or wish to complete a QAS Self-Study CPE program. Viewers can earn 2 CPEs for completing this program, and may email questions before and during the Live program.



Specific topics that will be discussed:

  • Effect of Death on Form 1040
    • Personal or dependency exemptions
    • Joint return with deceased spouse
    • Surviving spouse
    • Effect of survivor's remarriage
  • A Decedent's Final Return
    • Who files?
    • Due date
    • Treatment of income and deductions
    • Recipients of decedent's income
    • Deduction for estate taxes
  • Decedent's Estate as Taxable Entity
    • The fiduciary return - Form 1041 and Schedule K-1
    • Who files?
    • Accounting period
    • Payment of tax and estimated tax
    • Net investment income tax
  • Income of an Estate
    • Gross income
    • Income from real estate
    • Income from personal property
    • Sale of property
    • Gain on transfers to beneficiaries
    • Foreign estates
  • Estate's Deductions and Credits
    • Generally
    • Personal exemption
    • Expense deductions
    • Losses and bad debts
    • Charitable deduction
    • Tax credits
  • Estate Distribution Deduction
    • Distributable net income (DNI) limit
    • Required distributions
    • Allocation of income types and related deductions
    • Distributions after end of tax year
  • Treatment of Beneficiaries
    • Receipt of estate distributions
    • Basis of inherited property
    • Insurance and annuities
    • Retirement plan benefits
    • Spousal rollovers
    • Inherited IRAs
    • Employee death benefits

"Viewers will learn how to properly service individuals when a death in the family occurs," stated Lisbeth Bagnold, President & CEO of Tax Talk Today, Inc.


Viewers needing Continuing Professional Education credit can take advantage of a Tax Talk Today subscription price of $270.00 or $18.00/credit for 15 CPE credits, which includes all 7 programs. Up to 21 CPE credits can be purchased. Tax Talk Today is an IRS Approved Continuing Education Provider.

About Tax Talk Today, The Tax Show for the Tax Pro

A 7-program, 15 CPE, webcast series, designed to educate tax professionals with reliable information about complex tax issues. Tax Talk Today features roundtable discussions and real-time interaction with industry professionals, and IRS officials. Tax Talk Today collaborates with the IRS and the NAEA to provide content meeting CPE Credit requirements for CPAs, Enrolled Agents, OTRPs, attorneys, and all professionals needing CPE credits in the tax area. Programs are available Live, Archived or Podcast. Contact Paul Lamonia at 202-559-9330 or [email protected] or visit www.TaxTalkToday.com.


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