Speaker: Jeremiah Doyle, BNY Mellon

US Tax reform just made the preparation of the Form 1041 more challenging. In this session Mr. Doyle will discuss the most common pitfalls that professionals will encounter in preparing the Form 1041. This will include a discussion of how the new rules on taxation of pass-through entities apply to the taxation of estates and trusts.”

Speakers: Beth Shapiro Kaufman, Caplin & Drysdale – Megan Wernke, Caplin

Ms. Kaufman and Ms. Wernke will discuss the most important federal tax developments in the areas of estate, gift, and generation-skipping transfer tax, as well as the income taxation of trusts and estates. The program will include updates on the 2017 Tax Act and any other legislation, as well as an analysis of guidance that has been issued by the IRS in the past year. The speakers will also discuss recent cases and private letter rulings of interest.

Speaker: Jordon Rosen – Belfint, Lyons & Shuman

This session will focus on planning for smaller estates that are not otherwise subject to the federal estate tax.  It includes a discussion of when and how to make the portability election, basis issues, the use of trusts, state inheritance tax considerations, planned charitable giving, as well as a brief overview of the impact of the Section 199A, qualified business income (QBI) deduction on estate and trust tax returns beginning in 2018.

Speaker: Jennifer Pratt, Venable

Ms. Pratt will review the core concepts of grantor trusts, including IRC provisions 673-679. In addition, she will address other important issues applicable to grantor trusts, including tax reimbursement clauses, toggling grantor trust status, the possible consequences of terminating grantor trust status during the grantor’s life or at his death and significant rulings regarding grantor trusts.