Content Provider
Keebler logo

Ea credits middle
Self-Study CPE
SALES TAX AND ECOMMERCE - SIMPLIFIED
View Details/Register
2022 FILING SEASON CHANGES FOR 1099 REPORTING
View Details/Register
INDIVIDUAL TAX UPDATE 2022
View Details/Register
BUSINESS TAX UPDATE 2022
View Details/Register
CRYPTOCURRENCY TAXATION: WHAT PRACTITIONERS NEED TO KNOW
View Details/Register
CRYPTOCURRENCY TAX UPDATE 2022
View Details/Register
IRS FORM 1040 SCHEDULES C AND E: SIMILARITIES AND DIFFERENCES
View Details/Register
EDUCATION TAX BENEFITS
View Details/Register
AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
View Details/Register
EARNED INCOME TAX CREDIT
View Details/Register
Free cpece webinars
New Proposed Regulations: Anti-Clawback Rule Exception

NEW PROPOSED REGULATIONS: ANTI-CLAWBACK RULE EXCEPTION

Available Date(s)
Thursday, December 22, 2022: 4:00PM EST

Cost Free
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes (Federal Tax Update)
CE Credits 2.0 hours
Course Id# - HURS9-U-01243-22-O
Course Level Advanced
Instructional Method Group Internet Based
Prerequisites A moderate to advanced understanding of estate tax planning
Advanced Preparation None
Course Description

On April 26, 2022, the U.S. Treasury issued new clawback regulations addressing the recapture of many common client transfers. Every tax professional assisting clients with potentially taxable estates will need to quickly address how these proposed regulations apply to standard estate planning transfers, including notes, GRATs, GRITs, QPRTs, 2701 freezes, and transfers included in an estate under IRC Sections 2035, 2036, 2037, 2038, and 2042.

In this class, Bob Keebler and Marty Shenkman will explain the new regulations in numerical detail, addressing the examples in the regulations and additional examples so that webinar attendees can master the core concepts and quickly apply those concepts to their clients.

Learning Objectives:


  • Identify the clawback of “includible” gifts—the heart of the new regulations

  • Recall the unified gift and estate tax system

  • Define the reduction in the exemption in 2026 and the gift and estate tax ordering rules

  • Recognize the impact of DSUE on clawback and planning opportunities

  • Describe the clawback treatment of traditional “completed” gifts

  • Define the new 5% test

  • Identify treatment of promises to pay

  • Give examples of tax planning for the new 18-month test, including promises to pay

  • Recognize treatment of preferred partnership freezes, treatment of GRATs, QPRTs, and GRITs

  • Define treatment of property included under IRC Section 2035, including life insurance transfers

  • Identify treatment of property included under IRC Sections 2036 to 2041

Linkedin Twitter
Keebler logo

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP, and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of the National Association of Estate Planners & Councils. CPA Magazine has also named him one of the top 100 most influential practitioners in the United States and one of the top 40 tax advisors to know during a recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. 

Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and estate, gift, and income tax examinations and appeals. He has received more than 200 favorable private letter rulings, including several key rulings of “first impression.” 

He is the author of over 100 articles and columns and is the editor, author, or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years, including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference, and the Heckerling Estate Planning Institute.
 

Martin Shenkman

Shenkman Law
Dual Practitioner, Financial Planner
shenkman@shenkmanlaw.com
(201) 845-8400

Shenkmanlogo

Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey, and New York City, New York, with Shenkman Law. His practice focuses on estate and tax planning as well as planning for closely-held businesses and estate administration. Throughout his career, Mr. Shenkman received awards and acknowledgments from the New Jersey Bar Association, Worth Magazine, CPA Magazine, the American Cancer Society, and the AICPA. Mr. Shenkman holds a Bachelor of Science from the Wharton School at the University of Pennsylvania, an MBA from the University of Michigan, a law degree from Fordham University School of Law. He is admitted to the bar in New York, New Jersey, and Washington D.C.

Additional Materials
Webinar Technical FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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 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.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Keebler logo
At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.