Training Course Syllabus:

Enhance Your Tax Planning and Reporting Skills

In the turmoil of the recent tax regulation, it's hard to keep clear sight of what all the changes mean to your clients right now and in the foreseeable future. This course offers the latest tax updates and combines the legal and taxation expertise to help you work more effectively with your fiduciaries in complying with the law and minimizing tax burdens. Register today!

• Understand the reporting end of tax planning and learn to collaborate more effectively.
• Analyze how TRA 2010 affects your practice and advise your clients on recent and coming changes.
• Explore common attorney-fiduciary miscommunications that lead to flawed returns.
• Take full advantage of available deductions and accurately reflect them in periodic tax returns.
• Find out what documents best prove that generation has been skipped in GST tax reporting.
• Learn what supporting documents tax preparers need for impeccable record-keeping and auditable returns.
• Avoid tax planning mistakes that can lead to unfavorable tax allocation and/or trigger audits.
• Walk through key steps of IRS appeals procedure and get tips for resolving tax disputes.

Gift and GST Tax
9:00 - 10:15, Peter T. Dirksen

• Current IRS Regulations – What Will 2013 Bring?
• Planning Gifts
• Reporting Gifts (Form 709 and Supporting Documents)
• Documents Proving Skipped Generation

Final Income Tax Return
10:30 - 11:45, Peter T. Dirksen

• Current IRS Regulations
• Deductions
• Return Forms and Supporting Documents
• Common Mistakes and Miscommunications
• Amending the Forms and Applying for Extensions
• Avoiding/Surviving IRS Audits
• IRS Appeals

Federal Estate Tax Return
12:45 - 2:00, Peter T. Dirksen

• Current IRS Regulations: The New Exemption and Its Effect on the Practice
• Forms and Supporting Documents
• Common Mistakes Attorneys and Tax Preparers Make
• Taking a Valuation Discount for Closely Held Stock
• Proving the Existence of and Tracing the Life of Some Assets
• Amending the Forms and Applying for Extensions
• Deducting Estate Administration Expenses and Documenting the Deduction
• Tips for Avoiding and/or Surviving an IRS Audit
• IRS Appeals

Annual Income Tax Returns
2:00 - 3:15, Ralph Z. Levy Jr.

• Current IRS Regulations – What Will 2013 Bring?
• Deductions and Elections
• Calculating DNI
• Reporting Forms and Supporting Documents
• Common Mistakes Attorneys Make
• Amending the Forms and Applying for Extensions
• Tips for Avoiding and/or Surviving an IRS Audit

Legal Ethics
3:30 - 4:30, Ralph Z. Levy Jr.

• Who Is Your Client?
• Attorney Fees
• Client Communications
• Protecting Confidentiality
• What to Do if You Suspect Financial Misconduct
• Attorneys Who Serve as Fiduciaries

Seminar Summary:

This course offers the latest tax updates and combines the legal and taxation expertise to help you work more effectively with your fiduciaries in complying with the law and minimizing tax burdens. (see full course description)

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