Estate Tax Planning Options for Farmers (Virtual)  (ETPF-VIR)

4.00 CPE Credit Hours

This seminar is designed for CPAs to be aware of options available to farmers for transferring operating assets and farm real estate. We will review the major trust options that farmers may use. In addition, we will cover any major tax changes that have occurred since January 2022.

Designed For
Tax practitioners representing farmers and ranchers who need to be aware of estate tax planning options and new federal tax legislation.

Objective
At the end of this session, you will be able to:

• Discuss estate planning options available to farmers
• Illustrate options to transfer operating assets
• Recall major tax law changes impacting farmers

Highlights

• Review of estate tax rules
• Discussion of options related to transfer of operating assets
• Review of major estate tax planning options for farmers including: Spousal Lifetime Access Trusts, Intentionally Defective, Grantor Trusts, Grantor Retained, Annuity Trusts, Irrevocable Life Insurance Trusts, Charitable Remainder Trusts
• Updates related to major federal tax legislation occurring in early 2022

Prerequisites
2 years of experience with farm tax return preparation

Advanced Preparation
None

Developer
CliftonLarsonAllen LLP

Presenters
Paul Neiffer,

Level of Knowledge
Intermediate