Key Revenue Rulings for Trust and Estate Professionals
Rev. Rul. 2023-2 IGTs and Basis Step-Up, Rev. Rul. 2004-64 Tax Reimbursements, Rev. Rul. 2008-22 Substitution Power
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will review essential revenue rulings and other authoritative legislation that are frequently relied upon by trust and estate planning professionals. Our panel of experienced estate attorneys will discuss the nuances of notable guidance that has significantly shaped estate and income tax planning.
Outline
- Revenue rulings and levels of authority
- Revenue Ruling 70-155: Retaining Occupancy of Residence
- Revenue Ruling 73-143: Settlor Serving as Trustee with Ascertainable Standards
- Revenue Ruling 85-13: Transactions with Grantor Trusts
- Revenue Ruling 95-58: Removal and Replacement of Trustees
- Revenue Ruling 2002-2: QTIPing an IRA
- Revenue Ruling 2008-22: Substitution Power
- Revenue Ruling 2023-2: Basis of Property Acquired from Decedent
- Rev. Proc. 2004-64: Trustee tax reimbursement powers
- PLR 200413011: Incomplete Gift Inter-Vivos QTIP Trust
- PLR 200147043; 199026036: Power of Substitution for Inter-Vivos QTIP Trusts
- PLR 201216034; 199311021: Defective Trust Status for a QTIP Beneficiary Spouse
Benefits
The panel will cover these and other critical issues:
- What is a revenue ruling?
- The hierarchy of federal tax authority
- The significance of certain PLRs on QTIP planning
- How specific legislation has shaped estate planning
- Utilizing cornerstone revenue rulings in current estate plans
Faculty
James M. Kane
Attorney
Kane Law, LLC
Mr. Kane is a tax and trust planning attorney. He is AV Rated on martindale.com and listed on... | Read More
Mr. Kane is a tax and trust planning attorney. He is AV Rated on martindale.com and listed on superlawyers.com. For approximately the past 15 years Mr. Kane handled an extensive amount of non-tax trust and estate litigation (and trust/estate planning); although beginning in 2022 handles primarily trust and estate planning; with litigation now only as a consulting and expert witness for both tax and non-tax disputes, especially where trusts are at center stage. Prior to law school he was an IRS Revenue Agent with the Atlanta IRS large-case examination division.
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Jeffrey L. Williamson
Founder
J. L. Williamson Law Group
Mr. Williamson’s practice specializes in taxation and estate planning. He has particular expertise in estate and... | Read More
Mr. Williamson’s practice specializes in taxation and estate planning. He has particular expertise in estate and gift taxation, income taxation of partnerships, and taxation issues unique to tax-exempt entities. He is also knowledgeable in the federal and state Medicaid rules and is skilled at drafting trusts and other types of sophisticated agreements.
CloseEarly Discount (through 10/03/25)
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 October 29?
Early Discount (through 10/03/25)
CPE credit is not available on downloads.
CPE On-Demand
