A Modern Way for Tax Pros to Earn CE & CPE

4 IRS CE/CTEC/NASBA CPE*

"Our best deal is always to become a monthly subscriber"

2 IRS CE/CTEC/NASBA CPE*

A client dies and the practitioner inherits a sequence of decisions: what income belongs on the final 1040 versus the estate's 1041, who signs each return, what basis applies, whether to elect a fiscal year, whether to combine a revocable trust with the estate under §645, whether to file a 706 just to preserve portability. Mistakes are often uncorrectable — losses that die with the decedent, a missed §691(c) deduction, an IRD item on the wrong return, a closed portability election.

2 IRS CE/CTEC/NASBA CPE*

Trust documents land on practitioners' desks for ordinary reasons: setting up a 1041, allocating DNI on K-1s, confirming grantor trust status, assessing a §2041 inclusion, or just identifying the right EIN. Misreading the instrument has consequences that run from a wrong taxpayer ID to a missed estate inclusion to advice that contradicts the document the client signed. The skill is unglamorous and rarely taught directly.

2 IRS CE/CTEC/NASBA CPE*

Schedules K-2 and K-3 were introduced to standardize international tax reporting, but for many practitioners, they created a new layer of complexity rather than clarity. The real challenge is not identifying that a K-2 or K-3 exists—it is understanding how to use the information correctly in return preparation. This program focuses on the practical application of K-2 and K-3 reporting, with an emphasis on sourcing of income, foreign tax credit implications, and integration into Form 1116.

2 IRS CE/CTEC/NASBA CPE*

A trust the client and prior counsel have always treated as domestic can be a foreign trust under §7701(a)(30)(E) because of a single drafting choice or a routine succession event — a Canadian sister named as successor trustee, a removal-and-replace power held by a non-U.S. beneficiary, an automatic migration clause buried in an asset protection trust. Once the Court Test or Control Test fails and isn't cured within the 12-month window, the trust is foreign as of the day it failed, and the consequences run through throwback tax on UNI distributions, §1441 withholding exposure, and ...

2 IRS CE/CTEC/NASBA CPE*

"Our best deal is always to become a monthly subscriber"

2 IRS CE/CTEC/NASBA CPE*

"Our best deal is always to become a monthly subscriber"

2 IRS CE/CTEC/NASBA CPE*

"Our best deal is always to become a monthly subscriber"

1 IRS CE/CTEC/NASBA CPE*

"Our best deal is always to become a monthly subscriber"