Tax Issues and IRS Guidance for Irrevocable Grantor Trusts
A live 90-minute CLE/CPE video webinar with interactive Q&A
This CLE/CPE webinar will provide guidance on common tax issues for irrevocable grantor trusts encountered by trust and estate advisers, including recent IRS guidance for basis adjustments and other basis issues. The panel will discuss options and key provisions in structuring trusts, Revenue Ruling 2023-2 and its impact on basis and estate and tax planning, determining and substantiating tax basis, planning considerations for U.S. persons, and other tax issues and basis conundrums encountered by estate and trust advisers.
Outline
- Revenue Ruling 2023-2
- Challenges for taxpayers with irrevocable trusts
- Identifying low basis assets subject to potential income tax consequences
- Transfer strategies
- Post-mortem tools for achieving income tax basis step-up
- Potential tax risks of basis adjustment strategies
Benefits
The panel will review these and other important topics:
- Impact of Revenue Ruling 2023-2 on taxpayers with irrevocable trusts
- Reevaluating income tax planning and alternative options for completed gift grantor trusts
- Which class of assets benefit from basis adjustment transactions?
- Using trust decanting and other post-mortem actions to achieve basis step-up
- Structuring sale and exchange transactions between trusts to maximize tax basis
- Tax and other risks involved in basis adjustment transactions and strategies
Faculty

Samuel M. DiPietro
Associate
Spencer Fane
Mr. DiPietro collaborates with families and their advisors to create customized estate plans that consider the specific... | Read More
Mr. DiPietro collaborates with families and their advisors to create customized estate plans that consider the specific needs of each family, ensuring the protection and seamless transfer of wealth. He has extensive experience in crafting estate plans tailored to the unique requirements of modern families. Mr. DiPietro a certified public accountant with two advanced degrees in taxation, has successfully implemented plans that reduce income, gift, estate, and generation-skipping transfer taxes in the context of succession planning for individuals and privately held businesses.
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Early Discount (through 07/25/25)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.