Crucial Tax Topics 2021-2022 with Art Werner - Estate and Trust
This session of our Crucial Tax series will cover Estate and Trust. We hope to give you a comprehensive understanding of what is now and what is to come.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
Basic Course Information
Major Subjects
- Increase in corporate tax rate
- Increase in top marginal income tax rate
- Increase in capital gains rate
- Changes in Net Investment Income Tax rate to trade or business income of certain high-income individuals
- New QBI limitations for IRC §199A
- Limitation on excess business losses
- Surcharge on high-income individuals, trusts, and estates
- Elimination of higher unified credit
- Increase in limitation of IRC §2032A special use valuation
- Grantor Trust rule changes
- Reduction in valuation discounts
- Retirement plan contribution limitations for high-income taxpayers
- RMD increase for high-income taxpayers
- Elimination of “back-door IRAs
- Various IRA changes
- Many additional miscellaneous changes
- Year-end estate and gift planning ideas
- Year-end gifting ideas
- Charitable transaction planning
- Roth conversion ideas
Learning Objectives
- This course will provide you with a complete understanding of this proposal as well as integrated planning ideas that will direct your client’s year-end needs.