On-Demand: Tax Summit - Life Cycle of A Revocable Living Trust
Course Description
More and more clients are creating revocable living trusts. This session is an in-depth analysis of the income and estate taxation of revocable living trusts - from creation to dissolution. Also discussed will be selected operational issues.
Learning Objectives
- Describe how income and estate taxes impact revocable living trusts.
- Identify the allowable methods of filing income tax returns and how to change the filing method.
- Identify when a revocable living trust needs an employer identification number and when it needs a NEW employer identification number.
- Understand how to make a Section 645 election -with or without a probate estate.
Presenters
Alice Orzechowski, EA, CPA
Alice Orzechowski, CPA, CMA, EA, is a national speaker on tax topics. Currently, she is teaching Federal Tax Updates both Individual and Business for Western CPE. She is also the author of numerous articles and textbooks for tax professionals including "101 Tips for Maximizing College Financial Aid" and "Success Strategies for Understanding and Avoiding AMT". Her CPA practice in Frederick, MD specializes in taxes for individuals, small businesses, and estates and trusts.
Alice Orzechowski, CPA, CMA, EA, is a national speaker on tax topics. Currently, she is teaching Federal Tax Updates both Individual and Business for Western CPE. She is also the author of numerous articles and textbooks for tax professionals including "101 Tips for Maximizing College Financial Aid" and "Success Strategies for Understanding and Avoiding AMT". Her CPA practice in Frederick, MD specializes in taxes for individuals, small businesses, and estates and trusts.
Continuing Education
This course qualifies for IRS and CTEC Continuing Education Hours. NAEA reports IRS/CTEC CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.