Death & Taxes

January 19, 2021
6:00 PM - 7:00 PM
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Virtual Meeting
Link to be provided with Registration

 Directions

Learning Objectives and Program Content: At the end of this session, participants will have:

  • Acquired an understanding of the IRS’s collection statute expiration date
  • Picked up rules and duties that apply to fiduciaries regarding income tax
  • Gained an understanding of the different collection rules regarding different types of assets that are held prior to someone’s death and once someone passes.  
  • Achieve ability to issue spot regarding possible transferee liability

 

Description:

What happens when someone dies and has not filed tax returns? What if the person who dies owes money to the IRS? This program will provide an overview of the IRS’s ability to recover from different types of assets, and assets with joint owners. It will also include a review of the responsibilities and potential for liability for fiduciaries and heirs, and possible ways to reduce outstanding balances.

Program Level: Basic

Prerequisites: None

Recommended Field of Study: Taxes - Technical

Instructional Delivery Method: Group Internet Based

Recommended CPE Credits: 1 credit hour

***Plan to come early for AFWA DC Chapter Social Connections from 5:30-6pm. ***

 

Bios:

Rebecca Sheppard, Esq., Senior Associate and Pro Bono Program Chair at Frost Law. Rebecca Sheppard joined Frost & Associates, LLC, as an attorney in June 2016. Rebecca previously worked for the Comptroller of Maryland in the Hearings and Appeals Section where she conducted administrative hearings, issued binding legal determinations, and negotiated settlement agreements on behalf of the Comptroller of Maryland. Rebecca gained hands-on experience in multiple practice areas, including Individual Income Tax, Corporate Income Tax, Sales and Use Tax, Withholding Tax, Admissions and Amusement Tax, Motor Fuel Tax, and Business License Revocation. Rebecca is also experienced in Personal Officer Liability stemming from assessments in Sales and Use Tax, Withholding Tax, and Admissions and Amusement Tax. 

Leanne Broyles, Esq., Senior Associate at Frost Law. Leanne focuses her practice on estates and trusts and international tax compliance for individuals. Leanne works with clients to develop and implement customized estate and asset protection plans. She advises and assists clients serving in fiduciary capacities with navigating the administration of trusts and estates. Leanne works with individuals who own assets abroad to achieve US tax compliance. She assists individuals with FATCA reporting, FIRTPA, Streamlined Compliance Procedures, Offshore Voluntary Disclosures, and offshore audits.

Leanne is a member of the American Bar Association, the Maryland State Bar Association, and the Anne Arundel County Bar Association. She is an affiliate member of the Society of Trust and Estate Practitioners. Leanne served as the Young Lawyer Representative on the Estate and Trust Section Council for the MSBA, and currently chairs an MSBA Estate & Trust Section Legislative workgroup and the Anne Arundel County Estate Planning Council. 

 

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Administrative Cancellation Policies: All sales are final. Refunds must be requested 24 hours before the date of an event in writing or by email. Credits may be issued to be used for future event registrations. For more information regarding refund, complaint, and/or program cancellation policies please contact us at [email protected]

Official National Registry Statement: The Accounting & Financial Women’s Alliance 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: https://www.nasbaregistry.org/.

Mission of AFWA: The mission of the Accounting & Financial Women’s Alliance is to enable women in all accounting and finance fields to achieve their full potential and to contribute to their profession. For more information about the Accounting & Financial Women’s Alliance (AFWA), please visit www.afwa.org.

 

 

 

Tickets

$10.00 AFWA Member Ticket

$20.00 Non-Member Ticket

$5.00 Student Ticket