ENHANCING THE VALUE OF THE CPA PROFESSION
LOGIN
JOIN
ABOUT US
CONTACT
Show/hide Search
ILLINOIS CPA SOCIETY
Menu
  • Membership
    • My Membership
      • My Profile
      • Renew
      • Member Benefits
      • Retired Member Benefits
      • Member Discount Program
    • Find a Member
      • Member Directory
      • Board of Directors
      • Committee, Advisory Council, Chapter & Member Forum
    • 100% Membership
      • Participating Firms
    • Join
      • Member Benefits
      • Applications
      • Dues
  • Future CPA
    • CPA Candidates
      • CPA Exam Resources
      • CPA Exam Award
      • Career Center
      • Become a Member
      • Mary T. Washington Wylie Fellows Program
      • Mock CPA Exams
    • College Students
      • Become a Student Member
      • Scholarships
      • Mary T. Washington Wylie Internship Preparation Program
      • Future CPA Hours
      • Student Influencers
      • CPA Exam Resources
      • Career Development
      • College Educator Resources
      • Virtual Career Fair
      • Resume Review
    • High School Students
      • Why Accounting?
      • ThisWayToCPA
      • High School Educator Resources
  • Career Center
    • Job Seekers
      • Search Jobs
      • Post Your Resume
      • Resources
    • Employers & Recruiters
      • Employer Login
      • Register
      • Pricing
  • Quick Find
    • Membership
      • Join
      • Renew My Membership
    • Being a CPA
      • Licensing & Registration
      • CPE Requirements
    • Connect With Members
      • Find a CPA
      • Advertise/Sponsor
Menu
  • Education
    • Search the Catalog
    • Programs
      • Chapters
      • Conferences
      • Courses
      • OnDemand
      • Summit25
      • Tailored Team Training
      • Virtual Events
      • Webinars
    • Learning
      • Certificate of Attendance
      • CPE Tracker
      • CPE Transcript
      • eMaterials
      • OnDemand Access Pass Usage
      • Registrations
      • Surveys
    • Speak / Sponsor
      • Speaker Opportunities
      • Advertise/Sponsor
      • SUMMIT Call for Presenters
      • Speaker Portal
  • Information
    • Publications
      • Insight Magazine
      • Capitol Insight
      • Career Insight
      • Corporate Finance Insight
      • Special Features
      • KnowledgeHub
      • Public Practice Insight
    • Professional Issues
      • Re-Decoding the Decline
      • Talent Retention
      • CPA Diversity
      • Decoding the Decline
      • CPA Profession 2027
      • Trust Is Not Enough
      • Culture Conflicts
      • CPA Pipeline
      • Audit Quality
      • Professional Licensure Pathway
    • Technical Topics
      • Accounting and Financial Reporting
      • Auditing and Attest
      • Employee Benefits
      • Government
      • Not-for-Profit
      • Tax
    • Technology Resources
      • Disruptive Technologies
      • Knowledge Bytes
    • Licensing & Registration
      • Initial License Requirements
      • Renewing Your License
      • CPE Requirement for Licensing
      • Licensing FAQs
      • Verify CPA Licensure
      • Reinstatement/Restoration of a License
      • Changing License Status to Inactive
      • Mobility
    • For the Public
      • Find a CPA
      • Peer Review Information for the Public
  • Advocacy
    • Peer Review
      • For Firms
      • For Reviewers
      • For Public
      • Peer Review Report Acceptance Committee
      • Peer Review Directory
    • CPA Endowment Fund of Illinois
      • Programs and Scholarships
      • Donate Today
      • Donors
    • Government Relations
      • Take Action: Be Heard
      • Legislative and Regulatory News
      • Legislative and Regulatory Updates and Bulletins
      • Advocacy Toolbox
      • Capitol Insight eNews Digest
      • Illinois CPAs for Political Action
      • White Papers & Reports
    • Ethics
      • Ethics Inquiries
      • Complaint Procedures and Actions
      • Disciplinary Actions
  • Connections
    • Member Communities
      • ICPAS CONNECT
      • Center for Corporate Financial Leadership
      • Public Practice
      • Women
      • Young Professionals
      • Member Forum Groups
      • Chapters
    • Connection Events
      • All Connection Events
      • Town Hall Forums
      • Corporate Finance Events
      • Young Professionals Events
      • Women's Events
    • Volunteer Opportunities 
      • Volunteer Groups
      • CPA Day of Service
      • Volunteer Tax Preparation
      • Speak on Campus
      • Mentoring Opportunities 
  • Topics
  • Accounting & Financial Reporting
  • Advocacy & Government Relations
  • Artificial Intelligence & Robotics
  • Auditing
  • Blockchain
  • Business & Economics
  • Business Development
  • Career Management
  • Consulting
  • Corporate Social Responsibility
  • Corporate Strategy & Finance
  • CPA Firm Marketing
  • Cryptocurrency
  • Cybersecurity & Cybercrime
  • Diversity & Equality
  • Employee Benefits
  • ESG
  • Ethics
  • Financial Planning
  • Fraud & Forensics
  • Generational Trends & Challenges
  • Hiring & Retention
  • Human Resources
  • Law
  • Leadership & People Management
  • Legislation & Regulation
  • Medical Marijuana & Cannabis Business
  • Mergers & Acquisitions
  • Not-for-Profit
  • Peer Review
  • Personal Finance
  • Practice Management
  • Professional Education
  • Professional Issues
  • Risk Management
  • Startups
  • Students & Educators
  • Succession Planning
  • Tax: Business
  • Tax: Estate, Gift & Trust
  • Tax: Flow-Through
  • Tax: Individual
  • Tax: International
  • Tax: Planning
  • Tax: Practice & Procedure
  • Tax: State & Local
  • Technology
  • Women in Finance
  • Young Professionals

 

  • Homepage/
  • Information/
  • Publications/
  • Insight Magazine/
  • Topics/
  • Tax: Estate, Gift & Trust

  • Estate Planning? The Benefits and Pitfalls of Gifts to SLATs With the looming sunset of the Tax Cuts and Jobs Act of 2017, Spousal Lifetime Access Trusts (SLATs) have become a very popular estate planning tool for high-net-worth taxpayers.
  • Roth IRA Conversion: Is It Right for High Earners? Backdoor Roth IRA conversions have become a must-consider retirement and estate planning strategy.
  • A Crucial Window for Estate Planning: Preparing for 2026 Changes Exemption amounts under the Tax Cuts and Jobs Act of 2017 are set to expire, making now an essential time for individuals and families to revisit their estate plans.
  • Avoiding the Top 10 Cryptocurrency Tax Traps With so many rules and nuances to consider within the cryptocurrency space, it’s no surprise that many tax clients fall victim to reporting mistakes. To prevent your clients from pointing the blame finger at you, here’s what to look out for.
  • Seven Tax Planning Strategies for Appreciated Assets With the sustained rise of asset valuations in recent years, managing one’s tax liability on appreciated assets is more important than ever. Here are seven smart tax planning strategies to consider with your clients.
  • Seven Strategies to Supersize Year-End Charitable Giving After record charitable contributions in 2020, the threat of increasing income and estate taxes should have advisors and their clients looking to maximize the tax benefits of their giving.
  • Why Life Insurance Needs to Be Part of Your Clients’ Estate Plans As tax exemptions are targeted, life insurance policies could offer high-net-worth individuals a different means for protecting their estates.
  • 12 Reasons a SLAT Makes Sense Spousal lifetime access trusts can be effective and flexible solutions for married couples looking to take advantage of existing estate and gift tax laws while maintaining control of their assets.
  • Dissecting 2021’s Tax Proposals: What CPAs Need to Know From Biden’s ambitious legislative agenda to the bills sponsored by his Democratic colleagues, here are the most important tax proposals CPAs and their clients should be aware of.
1234
  • Membership
    Join | Renew | Find a Member
  • Future CPA
    Scholarships | Exam
  • Education
    Search the Catalog | Surveys
  • Information
    Licensing | Publications
  • Advocacy
    Peer Review | Gov Relations
  • Communities
    ICPAS Connect
  • Career
    Find a Job | Post a Job
  • Help
    Contact | Careers at ICPAS | About
  • Connect
    Advertise/Sponsor  | Press
ICPAS (Chicago)
550 W. Jackson, Suite 900, Chicago, IL 60661-5742
P: 312.993.0407 or 800.993.0407 (IL only) | F: 312.993.9432 

ICPAS (Springfield)
524 South 2nd, Suite 504, Springfield, IL 62701-1705
P: 217.789.7914 or 800.572.9870 (IL only) | F: 217.789.7924
Copyright © 2024 Illinois CPA Society  Terms of Use Privacy Policy CASL Compliance
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube