- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
Every taxpayer has the right to minimize taxes and protect their assets, and trusts are a very popular tool used to accomplish this goal. However, trusts can also be used to attempt to circumvent the tax system. This course provides an overview of common abusive trusts. This basic level course is most beneficial to professionals new to common abusive trusts who may be at the staff or entry level in an organization but also for a seasoned professional with limited exposure to this topic. This course has been updated to include the relevant tax provisions of the Tax Cuts and Jobs Act of 2017.
Upon successful completion of this course, the user should be able to:
recognize common abusive trusts, and
identify IRS arguments surrounding substance vs. form of trusts.