4161 | On Demand | Intermediate | Self-Study
Friday, May 1, 2020 - Friday, April 30, 2021
As the personal financial planner, you must have a clear understanding of the terminology associated with charitable giving and a broad knowledge of the charity "industry" to educate your clients and help them fulfill their altruistic desires while, at the same time, making tax- and estate-wise decisions.
Updated for the Tax Cuts and Jobs Act (TCJA) of 2017, this CPE course covers:
Charitable transfers Charitable trusts Charitable planning vehicles applicable to estate and gift planning This course also covers IRC Section 170, which allows for a deduction from income for any qualified charitable contribution made within the taxable year. This section of the IRC, as well as its enforcement, has become the genesis for an entire industry.
Identify organizations that qualify for public charity status. Select the type of ownership in real property that is not conducive for gifting to a charity. Determine which type of property qualifies as a charitable contribution of ordinary income property. Identify a testamentary charitable gift. Determine the type of charitable lead trust that uses a fixed percentage payout to calculate the variable amount sent to the charity each year. Select which charitable vehicle is maintained and operated by an IRC Section 501(c)(3) organization. Identify the type of charitable organization that limits an individual's charitable deduction to 30 percent of his or her adjusted gross income.
- Thomas Tillery (view bio)
- Susan Tillery
CPAs and financial planners with basic knowledge of personal financial planning, and an interest in estate planning.
Charitable gifts Charitable trusts and planning tools Tax planning and integrating charitable planning with the financial plan
Thomas Tillery is a member of AICPA Personal Financial Planning Section (Non-CPA Associate), the Society of Financial Service Professionals, and the Atlanta Estate Planning Council.
Tom has been a provider of Continuing Education for attorneys, CPAs, and investment and insurance professionals for over 20 years. He has written curriculum and lectured in the discipline of Financial Planning for several universities and on line programs.
Tom is also an Arbitrator for the Financial Industry Regulatory Authority (FINRA).