LIVE REPLAY: Trusts and the New Medicare Tax
September 2014
LIVE REPLAY: Trusts and the New Medicare Tax
Convenient, timely, reliable, and affordable...
Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home.
How to Register
There are 2 easy ways to register:
1. CALL us! (303) 860-0608, or toll free (888) 860-2531
2. Or REGISTER ONLINE NOW by using the corresponding course links above.
Program Description:
There has never been a tax on net investment income - until now. Recent health care reform legislation imposed a 3.8% Medicare surtax on "net investment income." The tax applies to the net investment income - capital gains, dividends, rents, royalties, interest, distributions - of trusts and estates as well as individuals. The new tax applies to income above $11,900 or $10,000 depending on the type of income. For the first time, practitioners will have to plan for the impact of tax, determine which types of income it applies to and to what extent, understand new administrative issues, and plan to minimize application of the tax. This program will provide you with a practical understanding of the new tax, how it applies to the income of trusts and estates, reporting of income, and planning techniques to minimize the tax.
- How the new 3.8% tax on "net investment income" applies to trusts and estates
- Calculating "net investment income" and its impact on trusts, including QSSTs and charitable remainder trusts
- Problems with holding businesses in a trust, including "material participation" rules
- Planning techniques to minimize tax
- Real world guidance on reviewing Forms K-1 and 8960
- Issues with the allocation of expenses in trusts
Faculty:
Jeremiah W. Doyle, IV is senior vice president in the Boston office of BNY Mellon Wealth Management, where he provides integrated wealth management advice to high net worth individuals on holding, managing and transferring wealth in a tax-efficient manner. He is the editor and co-author of "Preparing Fiduciary Income Tax Returns," a contributing author of Preparing Estate Tax Returns, and a contributing author of "Understanding and Using Trusts," all published by Massachusetts Continuing Legal Education. Mr. Doyle received his B.S. from Providence College, his J.D. form Hamline University Law School, and his LL.M. in banking from Boston University Law School.
Each program will run from 11:00 a.m. to 12:00 p.m. M.T. (60 minutes each).
Registration Fees
| Non Member | $109.00 |
| CBA Member | $89.00 |
- General Credits: 1.00
- Ethics Credits: 0.00
- EDI Credits:
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