Estate and Gift Taxation Current Developments: Rev Ruling 2023-2's Impact on Grantor Trusts, CTA Reporting
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will address the latest developments in gift and estate taxation, including beneficial ownership information reporting requirements under the Corporate Transparency Act, Revenue Ruling 2023-2's impact on grantor trusts and basis step-up, the continuing impact of the sunset of the lofty estate tax exclusion, and other recent legislation. Our panel of generational wealth experts will explain which estates are impacted by recent changes and offer planning tips to minimize related transfer taxes.
Outline
- Current developments in estate and gift taxation: introduction
- Corporate Transparency Act
- Revenue Ruling 2023-2
- Revenue Procedure 2022-32: Extension of Time to File Portability Election
- Cecil v. Commissioner and valuation discounts
- Proposed regulations
- Exceptions to anti-clawback rules
- Administrative expenses, claims against an estate, interest expense
- Cryptocurrency and digital assets in estates
- Other developments
Benefits
The panel will explore these and other critical issues:
- Which estates are eligible for the extensions of time to elect portability under Rev Proc 2022-32?
- Which trusts are subject to reporting requirements of the Corporate Transparency Act?
- What transfers are considered de minimis and not subject to the exceptions to the anti-clawback regulations?
- How Revenue Ruling 2023-2 impacts grantor trusts
Faculty
S. Gray Edmondson
Partner
Edmondson Sage Allen
Mr. Edmondson practices in partnership, corporate, and individual tax planning; business transactions including mergers... | Read More
Mr. Edmondson practices in partnership, corporate, and individual tax planning; business transactions including mergers and acquisitions; business planning; tax controversy; estate and wealth transfer planning; probate; estate and trust litigation; asset protection; and charitable planning. He has conducted, authored, and directed numerous seminars for professional, academic, and civic groups on taxation, business, asset protection and estate planning. Mr. Edmondson works closely with clients to develop and implement such strategies.
Closeto be announced.
Early Discount (through 05/10/24)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
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NASBA details.
Cannot Attend June 5?
Early Discount (through 05/10/24)
CPE credit is not available on downloads.
CPE On-Demand