In this webinar, you’ll navigate the rules regarding Income in Respect of a Decedent (IRD) and learn how to comply with reporting requirements and minimize the tax impact. You’ll learn about the sources of IRD, offsetting deductions, how and where to report each, and how to calculate a tax deduction for any estate tax that may result. Upon completion of this course, you will be able to:
- Describe the dual nature of IRD that is reportable as income but counted as an asset
- Identify items of income that must be reported as IRD and corresponding expenses that may be deducted as IRD
- Manage special circumstances such as receivables and partnership income
- Recognize planning opportunities to minimize the tax impact of IRD
- Correctly calculate and allocate the §691(c) IRD deduction from the estate tax return
CPE & CLE Credit: Participants can earn up to 2.0 CPE credits in the Taxes field of study. Please note that CPE credit is only available for viewing the live program. Attorneys can earn CLE credit for this course.
IRS Enrolled Agent Credit: Clear Law Institute is an approved IRS Continuing Education provider. This course qualifies for 2.0 of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
100% Money-Back Cancellation and Refund Policies: If you can’t make the live webinar, you may cancel at any time before the webinar begins for a full refund. If you are not satisfied with the webinar, we will provide you a full refund. For more information regarding refund, complaint and program cancellation policies, please call us at 703-372-0550.
Program Level: Intermediate-Advanced
Advanced Preparation: None
Instructional Method: Group-Internet Based
National Registry of CPE Sponsors: Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.