A Modern Way for Tax Pros to Earn CE & CPE

2 IRS CE/CTEC/NASBA CPE*

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

2 IRS CE/CTEC/NASBA CPE*

This course provides an in-depth overview of Charitable Remainder Trusts (CRTs), including the structure, benefits, taxation, and operational differences between Charitable Remainder Annuity Trusts (CRATs) and Charitable Remainder Unitrusts (CRUTs), as well as recent SECURE Act 2.0 changes affecting qualified charitable distributions.

1 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*

This course provides a detailed overview of Form 706 –United States Estate (and Generation-Skipping Transfer) Tax Return, a critical filing for estate tax compliance and planning. The program highlights the importance of making the portability election, which allows a surviving spouse to utilize the deceased spouse’s unused estate tax exclusion amount (DSUE).

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*

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 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.

4 IRS CE/CTEC/NASBA CPE*

Form 1041 can be intimidating for tax professionals who do not prepare fiduciary income tax returns every day. This practical program is designed for EAs, CPAs, and small firm tax professionals who need a clear, basic, line by line approach to fiduciary income tax preparation.