Income in Respect of a Decedent

Income in respect of a decedent (IRD) is income that was not taxed on the decedent’s final income tax return due to the method of accounting used by the decedent. This CCH Learning Center course, Income in Respect of a Decedent, provides coverage of legislative, administrative and judicial decisions governing income in respect of a decedent. It is designed to provide practitioners with detailed information on how income in respect of a decedent is taxed, the income tax basis of property that constitutes income in respect of a decedent, and a discussion of tax planning techniques to minimize the impact of income in respect of a decedent. Upon completion of the course, the tax professional will be able to:

• Describe how the tax code and regulations define IRD
• Discuss the regulations that cover IRD
• List the various types of IRD
• Compute the deduction attributable to IRD
• Describe tax planning strategies to minimize the impact of IRD

Field of Study: Taxes
Level: Overview
CTEC course number: 1075-CE-9734
Course was last updated on: 11/3/2010

Credit Available / Units
CPE 2.00 CPE
QAS 2.00 CPE
CTEC Federal 2.00 CE
CFP 1.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.