2012 New Releases Catalogue December - Learningemall.com

(Statement of Specified Foreign FinancialAssets). The panel will also comparethese separate reporting systems andaddress overlap, differences and specialissues presented by the concurrentapplication of both regimes to taxpayers.Item no. : CY11200457Format : CD-ROM (Win)Duration : 90 minutesCopyright : 2012Price : USD 150.00FIDUCIARY INCOMETAXATION: THENOT-SOSO-BASIC BASICSFor many estate planners, thecomplexities of the fiduciary income taxhave not been terribly troubling, as Form1041 audits have historically been few andfar between. Yet with the federalapplicable exclusion amount now at $5million, the number of estates subject tofederal estate tax will decreasesubstantially. With the potential decreasein resources needed to audit Forms 706(assuming the current regime stays intactbeyond 2012) it seems likely that theInternal Revenue Service may shift itsfocus to a closer review of fiduciaryincome tax returns. Should this occur, theneed for a deeper familiarity with thefiduciary income tax rules of Subchapter Jof the Internal Revenue Code willincrease.At the broadest level, Subchapter Jprovides for the allocation of income anddeductions between the trust and thebeneficiaries. In this sense, the trust canbe both a taxpayer and a conduit throughwhich income and deductions flow out tothe beneficiaries. This allocation and therole of the trustee in this allocation areconditioned by two fundamental concepts- fiduciary accounting income ("FAI") anddistributable net income ("DNI") - thatultimately determine the tax accountingincome ("TAI") for the trust and thebeneficiaries. As most practitioners areaware, these three concepts arefundamental to the mechanics ofSubchapter J. However, they are far morecomplex than some may recognize andoften manifest themselves on the Form1041.This program will offer a look at the"not-so-basic" basics.Item no. : NM11200462Format : CD-ROM (Win)Duration : 90 minutesCopyright : 2012Price : USD 150.00FUNDAMENTALS OFTAX-EXEMPT HEALTHCAREORGANIZATIONSBy Erin Couture, Eric J. Gould, Lauren K.Mackon the fundamentals of forming andoperating a tax-exempt healthcareorganization such as a hospital, nursinghome provider, or assisted living facility.The focus is on requirements for obtainingand retaining federal tax-exempt status(IRC Section 501(r)) as well as othertax-related issues for healthcareorganizations.Health Law attorneys who purchase thiswebinar webinar will: Gain a greater understanding ofwhere they should focus whenadvising tax-exempt healthcareclients on tax matters Increase their knowledge of taxissues that impact their healthcareclients including federal tax-exemptstatus, unrelated business income,and post-issuance complianceassociated with tax-exempt bonds Understand the current tax concernsthat their client is facingItem no. : TU11200290Format : CD-ROM (Win)Duration : 90 minutesCopyright : 2012Price : USD 150.00FUTURE OF ESTATEPALNNING PRACTICES,THE: HOW NOT TO GETBEHIND THE CHANGECURVEOn-line estate planning, software that canbe purchased directly by the consumer,the growing reluctance of clients to pay forservices they believe they can bypass theseasoned lawyer to obtain cheaper andfaster, and the trend toward the virtualoffice and cloud computing. Righteousindignation or resignation: How much doyou care? Is there enough work foreveryone, or is this a threat to yourpractice?This program will explore what you can doin your own practice to make estateplanning services more affordable andhow you can earn the position as trustedadvisor to your clients so that they will turnto you before an on-line program or alawyer operating from a virtual office?Consider the following in deciding if youwant to participate in this criticalpresentation: "Technology has eroded themonopoly of lawyers." (JonathanBlattmachr) and "If you don't like change,you're going to like irrelevance even less."(General Eric Shinseki)Item no. : BJ11200476Format : CD-ROM (Win)Duration : 90 minutesCopyright : 2012Price : USD 150.00HIS, HER OR THEIRPROPERTY: A PRIMER ONOMARITAL PROPERTY LAWIN THE COMMUNITYPROPERTY STATESBy Karen Boxx, Thomas M. FeatherstonJr.During this presentation the panelists willprovide a basic overview of the maritalproperty laws of the community propertystates.They will examine the fundamentaldifferences that exist between commonlaw states and community property statesincluding: The principles that the communityproperty states share; The areas of law where thecommunity property states differ; Key transfer and income taxconsequences applicable tocommunity property ownership; How the source of funds impactswhether property is communityproperty.They will also indentify and address someof the questions an estate planning lawyerin a common law state may ask aboutcommunity property.Item no. : VA11200487Format : CD-ROM (Win)Duration : 90 minutesCopyright : 2011Price : USD 150.00ILIT TRAPS: ETHICAL ANLIABILITY ISSUES OFTRSUTEES, GRANTORSAND THEIR ADVISORSILITs present a unique fiduciary andethical minefield through which clients,trustees, and attorneys have been walkingblindfolded. Life insurance policies may beconsidered "special assets" causing ILITsto be treated differently than other trusts,at least until the insured's death and thereceipt of the policy death benefit. Newcase law and expanded theories of liabilityand new developments regarding lifeinsurance policies may signal any specialtreatment no longer applies. Attorneysadvising trustees or serving as trusteesneed to watch out for ethical and liabilityissues, including:This audio CD-ROM will educate attorneysChanges in the law may mean the old________________________________________________________________________________________________________ 148Learning Rendezvous LimitedEmail: inquiry@learningemall.com Websites: http://www.learningemall.com & http://www.learningemall.com.hkWho is the client may change duringthe life of the trustee -- from thegrantor to the trustee to thebeneficiaries?Complying with the Uniform PrudentInvestors Act or other state law onhow the trust assets are investedWhat do recent cases tell us abouttrustee responsibility on acquiring andmaintaining life insurance?How should attorneys advise trusteeson their responsibilities?