This session aims to share what CPAs need to know about the latest developments that affect Estate Planning
Learning Objectives
- Upon completion of this course, you'll be able to:
- Analyze estate planning strategies in light of the Republican trifecta and the potential 2025 sunset of the temporarily doubled federal estate, gift, and GST tax exclusion amounts.
- Examine IRS challenges to family limited partnerships, focusing on issues like retained ability to participate in partnership liquidation decisions.
- Review recent developments on the Corporate Transparency Act and Beneficial Ownership Interest (BOI) reporting, including the implications of the federal court's nationwide injunction.
Major Topics
- Estate planning in light of the Republican trifecta in the election and what this may mean for the Dec. 31, 2025 scheduled sunset of the temporarily doubled federal estate, gift and GST tax exclusion amounts
- IRS challenges to family limited partnerships including due to the retained ability to participate in partnership liquidation decisions
- The latest on the Corporate Transparency Act and Beneficial Ownership Interest (BOI) reporting in light of the federal court nationwide injunction