Private Wealth Management, U.S. Bank

Fiduciary Tax Considerations - Commonly Overlooked or Misunderstood 1041 Concepts sponsored by PNC Wealth Management

Date: Tuesday, January 8, 2019
Time: 11:30am - 1:30pm
Location: The City Club of Cleveland, 850 Euclid Ave., 2nd Fl., Cleveland, OH 44114
Speaker: Jessica Tepas

Please arrive at 11:30 am for networking time in advance of lunch.
Lunch will be served at noon with the meeting beginning at 12:20 pm.


About the Program
Many general practitioners encounter a 1041 and think, it can’t be that complicated, right? As with almost any income tax question, the answer is “it depends.” It is easy to get our tax software packages to generate a 1041, but upon closer look, there are many considerations that need to be addressed before a 1041 should be considered complete. How is “income” determined for purposes of a simple trust? What if the only asset in my trust is an interest in a partnership? When do I need an EIN? How can a trust be a “resident” of multiple states? What is a “65-day distribution,” (and better yet, what isn’t it?) This program will dig a little deeper into these income tax considerations and more.

About the Speaker
Jessica Tepus joined Bober Markey Fedorovich (BMF) in 2010 and works primarily in the Akron office. She attended the University of Akron where she obtained her Bachelor of Science in Accounting and her Master of Science in Taxation. She is a licensed CPA and advises a variety of high net worth individual, trust, estate, and nonprofit clients on a wide array of income tax planning and compliance issues. Jessica lives in Green with her husband Adam, and their two sons.

Laura B. Springer, CRPC®, CFP® │ 2018-2019 Program Chair

Reservation Policy – All attendees are encouraged to register in advance and walk-in reservations will be accepted on a space-available basis only.  Meeting cost is $25 for members when paid in advance before noon 01/07/19, $40 for members at the door, $40 for guests and $200 for a table of six (please submit names to admin@epccleveland.org by 01/04/19).  If you reserve and are unable to attend, please call the office to cancel by noon 01/07/19 to avoid a no-show reservation billing.

Continuing Education – EPC Cleveland will request approval for this program from the CFP® Board of Standards for CFP® designation holders. EPC will also request approval from the Supreme Court of Ohio for Ohio attorneys to receive CLE credit. EPC Cleveland will request credit from the Ohio Department of Insurance. A certificate of completion will be available for those CTFAs, CPAs, and CWS designees who feel the program satisfies their continuing education requirements.  

To Reserve, click "Register Now" below.


Thank you to our sponsor:


Parking Options

Option 1:  Reduced parking fees are available on a space-available basis at Ampco Euclid Gateway Garage (740 Euclid Ave., entrances on Euclid & Prospect) to those who enter after 11:01 am and exit before 2:29 pm.  Guests should present ticket to the reception desk at The City Club for validation.  After validation and if within the timing restrictions, the parking fee is $3*.
Option 2: Through a special arrangement between The City Club and The Metropolitan at the 9 (2017 E. 9th Street, Cleveland, Ohio 44115), guests are able to take advantage of a $10* valet rate.  To take advantage, tell the valet you are attending an event at The City Club.  Once at The City Club, pick up a blue ticket from the reception desk.  Present this ticket to the valet upon claiming your car.  This option is available to those who park at or later than 11:01 and pick up their vehicle before 2:29 pm.
*Prices and timing restrictions subject to change without notice.

Other options: Additional, non-discounted downtown parking can be found in the Atrium Garage (645 W. Prospect), Ameritrust Garage (900 W. Prospect), and Gateway Prospect Parking (944/1002 W. Prospect). More parking information can also be found here.

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