SEPC March Meeting
MARCH MEETING
Scarier Than Lions and Tigers and Bears: The Income Taxation of Trusts, Oh My!
Speaker
Justin Miller, J.D., LL.M., TEP, AEP®, CFP®
Partner and National Director of Wealth Planning, Evercore Wealth Management
Managing Director, Evercore Trust Company
Description
Thanks to recent tax reform, the complex rules related to fiduciary income tax have become even more complicated. What happens to excess deductions after termination? How are trusts taxed after a divorce? Can multiple non-grantor trusts take advantage of qualified small business stock exclusions, receive additional SALT limitations, avoid state income taxation, and still allow the grantor to get the trust assets back at a later date? This presentation will answer those questions and more. To help practitioners minimize the burden of higher trust tax rates and avoid many of the traps for the unwary, this program will review the impact of recent tax reform, case law, IRS guidance, and Treasury regulations related to the taxation of trusts.
Agenda:
I. Overview of Income Taxation of Trusts and Estates
- Grantor Trusts, Simple Trusts, Complex Trusts
- Fiduciary Accounting Income, Taxable Income, Distributable Net Income
II. Hot Topics
- Trust Tax Brackets
- Uniform Fiduciary Income and Principal Act
- Suspension of Miscellaneous Itemized Deductions
- Charitable Deductions
- Inter Vivos QTIPs and Spousal Support Trusts
- Multiple Non-Grantor Trusts for QBI, SALT and QSBS
- State Taxation of Trusts—DINGs, NINGs and WINGs
Location (if attending in person)
Sutter Club, Sacramento Room
1220 Ninth Street
Sutter Club, Garage
824 L Street
Zoom Attendees
Please sign in promptly so you have adequate opportunity to prepare for the meeting.
Zoom information will be emailed the day before as well as the time to sign in for the meeting.
Agenda
Registration/Cocktails: 5:00 p.m.
Meeting/Dinner: 5:45 p.m.
Presentation: 6:30 p.m. - 7:30 p.m.
Cost
- SEPC Members (Zoom): $25
- Non-Members (Zoom): $45
For More Information
Contact: Raquel Altavilla
Phone: 916.715.5939
Email: admin@sacepc.org
Please note we have a limited in person capacity for this meeting. There are no walk-ins for this meeting.
Zoom registration will close on Monday, March 20.
