Attend upcoming webinar and earn continuing education credits. What is Income in Respect of a Decedent (IRD)? | | | | | | Presenter: Monica Haven, IRS Enrolled Agent | | Credits: CPE, IRS EA, CLE in all states (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time after the live presentation, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | 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
| | | | | | | Monica Haven, E.A., J.D. has a Masters in Taxation (LL.M.) and is also a graduate fellow and former faculty member of the National Tax Practice Institute®, a nationally recognized academic program designed to develop and hone the skills necessary for effective taxpayer representation. Ms. Haven is an Enrolled Agent, an Accredited Tax Advisor®, and an Accredited Tax Preparer®. She regularly advises clients on a full range of tax planning and preparation decisions with strategies that minimize their tax liabilities, maximize their cash flow, and keep them on track toward achieving their financial goals. Ms. Haven is a graduate of Loyola Law School. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 1,000 on-demand courses | | | | | |
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