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Program Agenda

 

Week 3 Agenda
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Intro to Estate & Gift Taxation
• Wills, probate, revocable trusts
• Computing the taxable estate
• Portability marital credit
• Marital and credit trusts
• Valuation and discount rules
• Determination of taxable gifts
• Generation skipping transfer tax
• Preparing Forms 706 and 709

Taxation of Estates & Trusts
• Calculating trust taxable income
• Preparation of Form 1041

Partnerships, LLCs and LLPs
• Classification issues
• Allocation of p'ship liabilities
• Special allocations of income,
   gains losses and deductions
• Basis computations
• Partnership distributions
• Mixing bowl transactions
• Partner/partnership transactions
• Sale of partnership interest
• Special elections under §§ 754