Content Provider
Thompson coburn llp
Handout Materials
Presentation Slides
Additional Materials
Business Structuring Materials
Navigating the Big PDF
Webinar Technical FAQs
Free cpece webinars
Fiduciary Income Tax Refresher: Latest 2022 Update


Cost Free
Presentation Length 2.0 hours

Recorded DateJune 2, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Join presenter Steve Gorin for this course covering tactical moves to make when preparing 2021 returns. We’ll cover strategic issues in light of trusts and beneficiaries often having different combined federal and state income tax rates. This course will also address the multiple trust rules, state fiduciary income taxation, distributions in the first 65 days of a year, and the 2022 tax bracket. Steve will also discuss tax advantages and disadvantages of using annuities (including reviewing a 2020 private letter ruling) and life insurance to manage high fiduciary income tax rates.

Learning Objectives:

  • Recognize updated taxable income thresholds for ordinary income and net investment income tax, capital gains, and Code §199A qualified business income

  • List documentation to avoid the multiple trust rule

  • Define key concepts to consider regarding state fiduciary income taxation, including a brief review of the leading cases

  • Determine discretionary distributions in the first 65 days of a taxable year, including how to make such a distribution carry out capital gain

  • Identify charitable distributions and other planning issues, including minimizing liability for the trustee and the return preparer

  • Recall tax issues regarding annuities and life insurance held in trust

Not logged
Thompson coburn llp

Steve has drafted trusts and a full range of estate planning documents for clients to help grow, preserve, and transmit their family wealth. He has also prepared organizational documents for limited liability companies, corporations, and partnerships to implement their owners' wishes regarding current and future control and transmission, including bringing in new owners and facilitating exit strategies. 
Steve enjoys helping clients structure their affairs to achieve their personal, business, and financial goals while reducing the drag that taxes imposed on them. His firm provides full service to businesses; however, he also acts as counsel on specialized matters while cooperating and facilitating the continued involvement of an existing legal, accounting, and financial services team. Steve maintains his CPA license but prefers to refer income tax returns to practicing CPAs.

Steve Gorin is the former president and an ongoing contributor to Covenant Place’s strategic initiatives. It is a senior affordable housing community with a groundbreaking model for integrated residents with the surrounding community and facilitating holistic services to enrich their lives. 
To know more about Steve Gorin, kindly click on the link below:
For various free resources Steve offers, see

About Our Presenter

Thompson coburn llp

For approximately 90 years, Thompson Coburn LLP has provided the quality legal services and counsel our clients demand to achieve their most critical business goals. Whether helping with a tax, estate planning, real estate or employment issue, navigating a complex acquisition or defending a product or service in litigation, we have the knowledge and resources to meet any legal need.

With over 380 attorneys, we have experience in more than 50 areas of the law. Supported by our firm's state-of-the-art technology, lawyers in our Chicago, Dallas, New York, Los Angeles, Southern Illinois, St. Louis and Washington, D.C. offices enjoy a nationwide practice.