Dinner: Recent Developments and Tax Planning for Fiduciaries and Trusts after the Tax Cuts and Jobs Act

Date: Monday, March 4, 2019
Time: 5:30pm - 8:00pm
Location: Palmers Restaurant
Speaker: Leo Cushing, Esq., CPA, LLM

Location: Palmers Restaurant, Andover, Mass.

Topic: Recent Developments and Tax Planning for Fiduciaries and Trusts after the Tax Cuts and Jobs Act.

Where are we with the deductibility of trustee’s fees, investment advisory fees, and excess deductions in the year of termination? Can and should capital gains be allocated to distributable net income?

Perhaps more importantly, the Final Regulations make it clear that the miracle 20% IRC § 199A deduction is applicable to estates and trusts. Additionally a step up in basis under IRC § 1014 as well as a step-up in basis in the case of partnerships under IRC § 754 and IRC § 743 also provide basis for purposes of determining the 2.5% limitation rule.

Come to this program and allow us to demystify these new rules as partnerships, estates and trusts are concerned

Speaker: Leo Cushing, Esq., CPA, LLM

Leo J. Cushing is the founding Partner of Cushing & Dolan, P.C., a Boston based law firm established in 1984 specializing in closely held businesses, taxation, sophisticated estate planning, elder law and real estate. Leo's practice includes all aspects of sophisticated estate planning techniques, asset protection, trust planning, charitable giving and resolution of tax controversies. Prior to establishing Cushing & Dolan, P.C., Leo earned his certified public accountant designation while working as a tax professional for the international accounting firm of Ernst & Young. Prior to Ernst & Young, Leo served as an Assistant Attorney General for the Commonwealth of Massachusetts where he prosecuted criminal tax cases and defended the Commonwealth of Massachusetts in various civil claims against state agencies.

Leo is a former Director of the Boston Estate Planning Council. He is a member of The Boston Bar Association, The Massachusetts Bar Association, The National Academy of Elder Law Attorneys, The American Institute of CPAs, The American Academy of Attorney-CPAs, The Boston Tax Council and The Boston Probate and Estate Planning Forum. He is a Co-Chair of The Estate Planning, Trusts & Estate Administration Committee for The Real Estate Bar Association for Massachusetts. He is also on the Board of Directors for The Real Estate Bar Association for Massachusetts. In 2010, Leo was appointed to The Notre Dame Law School Advisory Council. In 2010, Leo was also appointed a Lecturer in Law at Boston University School of Law’s Graduate Tax Program.

Leo has written and lectured extensively on all aspects of taxation and estate planning. Leo is a much sought after speaker as he is able to articulate complex issues in a way that is clear, concise and easy to understand. Recently, Leo has been a speaker for The Boston Estate Planning Council, The Massachusetts Bar Association, The Real Estate Bar Association for Massachusetts, The Massachusetts Association of Accountants, The Massachusetts Society of CPAs, The American Institute of CPAs, The National Business Institute, The Foundation For Continuing Education, Avidia Bank and The Community Foundation of North Central Massachusetts and the Montachusett Estate and Retirement Planning Council. Leo is a graduate of Boston Latin School, and he earned his Bachelors of Science in Accounting at the University of Notre Dame. He also earned his J.D., cum laude, from the New England School of Law, and his Master of Laws in Taxation from the Boston University School of Law. Leo is also a Certified Public Accountant.

Leo is married with two children and currently lives in Lexington, Massachusetts

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