Estate Income Tax Elections
March 10, 2025
This webinar will cover some often-overlooked elections, deductions and planning ideas available for estate income tax returns such as the following: Choice of fiscal year analysis for an estate; IRC 645 Election – inclusion of qualified revocable trust with estate income tax return; IRC 663(b) election – 65-day distribution election; IRC 643(e)(3) election – recognition of gain on property distributions; IRC 691(c) deduction – estate tax deduction for IRD. How to analyze and determine the best use of expenses on the estate tax return versus the estate income tax return. Please join us for an overview and discussion of the above tools for your toolbox when preparing estate income tax returns. The program will also discuss generally how clients often overlook the complexity of income tax and portability planning for estates merely because they are not subject to the estate tax. Tips as to how practitioners in all disciplines might help educate these clients as to the importance of retaining professional advisers can be so important. Speakers: Christine Pronek, CPA, MST and Martin Shenkman, Esq. *This may constitute attorney advertising. * No CPE, CLE, etc. is offered but a certificate of attendance will be provided.