Changes implemented by the Tax Cuts and Jobs Act (TCJA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as well as recent updated Internal Revenue Service regulations, have provided additional tax savings opportunities for trusts and estates.

This webinar will provide tax preparers, attorneys, and fiduciaries with the opportunity to familiarize themselves with these important changes. We will discuss the various responsibilities and duties required by trust and estate representatives and fiduciaries.What You'll Learn:

• Overview of 1041 Tax Rules
  
• Planning Considerations to Minimize Estate/Trust Income Taxes
  
• 199A Calculations
  
• Calculation of Distributable Net Income (DNI)
  
• Important Considerations Regarding Allocation of Estate/Trust Expenses
  
• New Final Regulations on the Termination of Trusts and Estates