Fiduciary Tax Returns: A Practical Workshop Webinar (4 Hours)

Overview: 

Form 1041 is among the most confusing returns that tax professionals prepare. In this informative webinar, based on real-life case scenarios, you will learn about:

  • Best techniques for preparing Form 1041
  • Gathering information from trustees and fiduciaries
  • The impact of various election options
Objective: 

To provide preparers with a working knowledge of applicable tax laws, and the ability to prepare complete and accurate fiduciary income tax returns.

Emphasis: 
  • Filing requirements for estates and trusts
  • Simple and complex trusts
  • Choice of annual accounting period
  • Calculation of taxable income
  • Capital gains
  • Tax-effective distributions to beneficiaries
  • Grantor trusts
  • Income in respect of a decedent
  • Estimated tax rules
Bottom
Prerequisite: 

Basic knowledge of taxation.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
4.00
NASBA Field of Study: 
Taxes