The American College of Trust and Estate College News | The American College of Trust and Estate Counsel

Oregon Law Student Wins Writing Competition for "Over My Dead Body: Preventing and Resolving Disputes Regarding the Disposition of the Dead"

Oregon School of Law student Shawn Walker wins ACTEC's Mary Moers Wenig Writing Competition for is paper in the area of trust and estates.

CPAs Urge Treasury to Pull Half of Tax Regulations Under Review

Snapshot: Want estate tax valuation, debt-equity, foreign currency, foreign transfer rules axed Silence on four projects is neither support nor opposition, AICPA says

ACTEC Proposal Concerning Federal Estate Tax Recovery Provisions (August 7, 2017)

On behalf of ACTEC, please find attached a report that recommends that the federal estate tax recovery provisions in the Internal Revenue Code be amended in order to eliminate inconsistencies and to expand the right of tax recovery to all estate tax inclusionary code sections.

ACTEC Comments re: Notice 2017-38 (August 1, 2017)

ACTEC is pleased to comment, in response to Notice 2017-38, 2017-30 I.R.B. 147, on the regulatory burdens and complexity that are, and would be, imposed by Proposed Regulations under section 2704.

Congratulations to the Florida Fellows Institute Class of 2017!

The Institute graduated its second class on May 11, 2017. ACTEC President Susan House provided remarks during the event, recognizing the commitment of class members to achieving excellence in the profession. The Florida Fellows Institute has 66 graduates after the first two years of the program.

Engagement Letters: A Guide for Practitioners Third Edition (2017)

With the publication of the Fifth Edition of the ACTEC Commentaries, ACTEC – through the work of its Professional Responsibility Committee and with the financial support of the ACTEC Foundation – is now publishing the Third Edition of Engagement Letters.

Dennis I. Belcher (1951 - 2017)

Dennis I. Belcher past president of ACTEC from 2009 to 2010 passed away suddenly yesterday April 27, 2017.

ACTEC Comments on Discretionary Trusts (February 22, 2017)

ACTEC is pleased to submit comments in response to the following questions posed by OGE in a Notice published in the Federal Register on January 3, 2017, 82 Fed. Reg. 122: Are there any circumstances under which an eligible income beneficiary of a discretionary trust might, in the absence of a vested remainder interest, be able to compel the trust to make a distribution or payment?

ACTEC Proposal to Extend IRS Authority to Grant Relief (February 2, 2017)

ACTEC submitted a report that recommends the IRS be granted the authority to extend the period in which to make all tax elections under the Federal transfer taxes, the Gift, Estate, and Generation-Skipping Transfer (“GST”) taxes (Chapters 11, 12, and 13 of the “IRC”) regardless of whether the due date for the election is set by statute, regulation, or other published guidance.

ACTEC Comments Partnership Audit Rules re: Trusts

ACTEC recently submitted comments on Proposed Regulations to section 6221 of the Internal Revenue Code of 1986, as amended, which was added by Section 1101 of the Bipartisan Budget Act of 2015. This new consolidated or centralized system for audit, adjustment and collection of income tax will apply to partnerships for partnership taxable years beginning after 2017.

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