Cannon Financial Institute

Trust Taxation for Trust Officers

This class is intended for trust officers and trust administrators. This high-level, two-day course is designed to give you a basic understanding of the taxation of trusts, tax issues with trust funding and distributions, distributing capital gains to beneficiaries, generation-skipping transfer tax, tax elections and much more.

Many of the actions and decisions you make as a trust officer or administrator have tax consequences for the trust and for your beneficiaries. Your tax department depends on you to understand and code these transactions correctly. This high-level, two-day course is designed to give you a basic understanding of the taxation of trusts, tax issues with trust funding and distributions, distributing capital gains to beneficiaries, generation-skipping transfer tax, tax elections and much more.

Topics

  • Overview of Trust Taxation
  • Powers of Appointment
  • Grantor Trust Rules
  • Trust Accounting Income
  • Distributable Net Income
  • Taxation of Distributions
  • Distributing Capital Gains
  • Tax Elections for Complex Trusts
  • Total Return Trusts
  • Taxation of Estates
  • Generation-Skipping Transfer Tax
  • Tax Compliance Issues
 

Many professionals satisfy Continuing Education and/or Continuing Legal Education requirements with this course. Rules for CE and CLE approval are time sensitive and vary by designation and state. Cannon encourages early registration in order to allow for ample processing (request for credits may not be available after course completion).

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