Joint Committee on Taxation Report Just Released: Footnote 102 and the 2/37 Haircut Confusion
June 5 @ 2:00 pm – 2:55 pm EDT
Webinar Description
This program provides a rigorous and practical analysis of the emerging application of Section 68 in the fiduciary income tax context and its potential to disrupt established assumptions underlying Subchapter J of the Internal Revenue Code. Participants will gain a detailed understanding of how the so-called “two-thirty-sevenths haircut” may reduce key fiduciary deductions, including distribution deductions under Sections 651 and 661 and charitable deductions under Section 642(c), creating unexpected phantom income and tax inefficiencies at the trust or estate level.
The webinar will explore how these developments can alter the economic balance among income and remainder beneficiaries, create allocation disputes, and expose fiduciaries to heightened administrative and litigation risk. Particular attention will be given to the implications for QTIP trusts, credit shelter trusts, and long-term charitable structures, as well as the compounding impact of multi-entity “daisy chain” administration.
Attendees will also be presented with practical responses, including drafting considerations, fiduciary decision-making frameworks, and strategies to mitigate adverse tax consequences in the face of continuing uncertainty. This program is designed to equip professionals with the technical insight and practical tools necessary to address one of the most significant emerging issues in estate and trust administration.
Meet Our Speakers
Jonathan G. Blattmachr, Esq.
InterActive Legal Advisor
Robert S. Keebler, CPA
Keebler & Associates, LLP
Martin M. Shenkman, Esq.
InterActive Legal Advisor
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Webinar Sponsors
Continuing Education Credits
InterActive Legal is not an approved Continuing Education (CE) Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.
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Estate Planning and Elder Law professionals turn to InterActive Legal as their main resource for the latest planning strategies. We provide the most comprehensive productivity system on the market with an easy-to-use document drafting system, extensive continuing education, thought-provoking discussion forums, and more.
