Steven B. Gorin, Partner, Thompson Coburn LLP to Speak at KC’s Event on Trust Accounting Income: The Fundamentals on 12/15/09
New York, NY, December 02, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Steven B. Gorin, Partner, Thompson Coburn LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Trust Accounting Income: The Fundamentals”. This 2-hour event is scheduled for December 15, 2009, Tuesday, at 12:00 PM - 2:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_Trust-Accounting.html)
Event Synopsis:
Everyone knows that Trusts come in two flavors: Simple and Complex. There are different ways of calculating the trust accounting income for each. The laws vary from state to state making it challenging for CPA’s to keep up on the latest changes to the law. Trust Accounting Income: The Fundamentals Live Webcast has been designed to give CPA’s a solid foundation when it comes to addressing critical issues. Their panel of key thought leaders and experts will guide you through the important issues surrounding Trust Accounting Income including:
- Making the calculations
- Key issues to consider
- Best practices
- Up to the minute regulatory updates
- State by state comparisons
Joining this webcast will give the attendee a solid understanding of the key issues that they must be aware of when dealing with Trust Accounting Income. This webcast will help them advise their clients with confidence and authority.
About Steven B. Gorin
Steven B. Gorin is a partner in the St. Louis office of the law firm of Thompson Coburn LLP, which also has offices in Chicago and Washington, D.C. He is a Fellow of the American College of Trust and Estate Counsel, serving as a member of its Business Planning Committee and its Employee Benefits in Estate Planning Committee. Mr. Gorin serves on the Council of the Real Property, Probate, Trust and Estate Law Section (RPTE) of the American Bar Association (ABA). He is past chair of RPTE’s Business Planning Group of committees.
Mr. Gorin served as ABA Advisor to the 2008 Amendments to the Uniform Principal and Income Act (UPAIA). The amendment to UPAIA section 409 helps secure the marital estate tax deduction when IRAs and other retirement plans or annuities are payable to marital deductions. This amendment responds to Revenue Ruling 2006-26, in which the IRS stated that the existing UPAIA did not satisfy the IRS’ safe harbor for the marital estate tax deduction. The amendment to UPAIA section 505 clarifies issues arising when a mandatory income trust holds an interest in a flow-through entity, such as a partnership. The amendment responds to litigation in which beneficiaries claimed that the trustee could not retain enough money to pay the trust’s income taxes.
About Thompson Coburn LLP
Thompson Coburn LLP is an intensely client-focused firm with a passion for excellence. With more than 350 lawyers experienced in virtually all major areas of the law, we serve clients throughout the United States and beyond. Our Washington, D.C. office is a market leader in its principal practice areas, combining significant experience in Federal representation with the breadth of our Firm's services. Our Chicago office serves a diverse national and international client base. In St. Louis, Missouri, we have the largest practice in the region. Our office in Southern Illinois has one of the largest litigation defense practices in the state.
For more information about Steven B. Gorin, and Thompson Coburn LLP, please visit: www.thompsoncoburn.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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Event Synopsis:
Everyone knows that Trusts come in two flavors: Simple and Complex. There are different ways of calculating the trust accounting income for each. The laws vary from state to state making it challenging for CPA’s to keep up on the latest changes to the law. Trust Accounting Income: The Fundamentals Live Webcast has been designed to give CPA’s a solid foundation when it comes to addressing critical issues. Their panel of key thought leaders and experts will guide you through the important issues surrounding Trust Accounting Income including:
- Making the calculations
- Key issues to consider
- Best practices
- Up to the minute regulatory updates
- State by state comparisons
Joining this webcast will give the attendee a solid understanding of the key issues that they must be aware of when dealing with Trust Accounting Income. This webcast will help them advise their clients with confidence and authority.
About Steven B. Gorin
Steven B. Gorin is a partner in the St. Louis office of the law firm of Thompson Coburn LLP, which also has offices in Chicago and Washington, D.C. He is a Fellow of the American College of Trust and Estate Counsel, serving as a member of its Business Planning Committee and its Employee Benefits in Estate Planning Committee. Mr. Gorin serves on the Council of the Real Property, Probate, Trust and Estate Law Section (RPTE) of the American Bar Association (ABA). He is past chair of RPTE’s Business Planning Group of committees.
Mr. Gorin served as ABA Advisor to the 2008 Amendments to the Uniform Principal and Income Act (UPAIA). The amendment to UPAIA section 409 helps secure the marital estate tax deduction when IRAs and other retirement plans or annuities are payable to marital deductions. This amendment responds to Revenue Ruling 2006-26, in which the IRS stated that the existing UPAIA did not satisfy the IRS’ safe harbor for the marital estate tax deduction. The amendment to UPAIA section 505 clarifies issues arising when a mandatory income trust holds an interest in a flow-through entity, such as a partnership. The amendment responds to litigation in which beneficiaries claimed that the trustee could not retain enough money to pay the trust’s income taxes.
About Thompson Coburn LLP
Thompson Coburn LLP is an intensely client-focused firm with a passion for excellence. With more than 350 lawyers experienced in virtually all major areas of the law, we serve clients throughout the United States and beyond. Our Washington, D.C. office is a market leader in its principal practice areas, combining significant experience in Federal representation with the breadth of our Firm's services. Our Chicago office serves a diverse national and international client base. In St. Louis, Missouri, we have the largest practice in the region. Our office in Southern Illinois has one of the largest litigation defense practices in the state.
For more information about Steven B. Gorin, and Thompson Coburn LLP, please visit: www.thompsoncoburn.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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