The demand for tax preparation & tax consulting related to trusts & estates (Form 1041) is growing rapidly, and we expect this trend to continue and accelerate in the years to come.
- The Baby Boomer Generation, the wealthiest generation in human history, is in the process of passing down $70 trillion in wealth to the next generations, and many of these assets flow through trusts & estates.
- The passing down of highly appreciated real estate (e.g. the family home and/or rental property was bought for $50,000, now it’s sold for $800,000) is of particular importance and probably the most common client concern.
Let’s face it, many tax professional preparers have little to no idea how to properly prepare Form 1041, let alone provide the tax consulting clients seek in this area.
Mishandling of trust & estate tax situations is happening with increasing regularity, resulting in clients paying thousands upon thousands of dollars of unnecessary tax.
In response to this growing Demand for Expertise vs. Supply of Expertise Imbalance, we are bringing in tax professional and attorney Maryann Briseno to teach on the topic of “8 Things Every Tax Pro Needs to Know about Trusts and Estates” at the upcoming Knowledge Share Extravaganza Live Conference in San Diego July 25 & 26.
We want you to feel confident in working with trust & estate tax situations, and to have access to a network of domain experts that you can contact when needed.
For those who won’t be able to attend the Knowledge Share Extravaganza, remember that Maryann is one of our most active Pronto Tax School Mentors, and frequently answers trust and estate tax questions in the Tax Preparer Teamwork Facebook Group, which is available to all Pronto Tax School Members (Not Yet Members can join here and then get prompt access to the group so that you can ask questions and network with Paid Mentors and your peers in real-time).
It’s not too late to grab your ticket to the Knowledge Share Extravaganza Live Conference in San Diego on July 25 & 26, but it will be too late soon.
If you don’t already have your seat reserved, grab your ticket(s) here.
