Estate & Financial Planning Year End Update 2024

Author: Klaralee R. Charlton

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card

Legislation, Treasury Releases, and Case Law all affect tax practitioners and their clients. Staying up to date on changes to laws and how laws are interpreted by the IRS and the courts is crucial to providing accurate and quality services to clients. This course will review the most recent legislative, regulatory, and case law authority released over the course of 2024 and provide suggestions for best practices in light of the changing tax environment.

Publication Date: November 2024

Designed For
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

• Passage of new legislation affecting client's estate and financial planning goals
• Issuance of proposed and final regulations related to estate and fiduciary income tax
• Revenue procedures and rulings issued by the IRS in response to recent legislation
• Key case law affecting client's estate and financial planning goals

Learning Objectives

• Identify how to summarize legislative provisions affecting client's estate and financial planning goals
• Describe any proposed or finalized regulations and the pros and cons affecting taxpayers
• Recognize and analyze the potential tax impacts related to revenue rules and case law decisions affecting estate tax and fiduciary income tax
• Identify how to recommend estate and financial planning ideas for clients looking to reduce tax liability while achieving estate planning goals
• Identify the 2026 lifetime exemption with respect to federal estate and gift taxes (adjusted for inflation)

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of estate & financial planning.

Advance Preparation
None