AP41
ADVANCED FORM 1041 PRACTICE WORKSHOP
Practitioners
who understand the basics of Subchapter J and Form 1041 compliance soon
find complex problems requiring sophisticated applications. This course
builds upon our intermediate-level course titled "Fiduciary Income Tax
Returns -- Form 1041 Workshop" to concentrate on the most difficult issues
in practice. This is an essential offering for the practitioner with high-powered
clients.
Major topics include:
- Case studies
with completely filled-in forms tracking the flow of tax items and worksheets
- Grantor trusts:
identification and compliance issues
- Special problems
for a trust or estate holding a partnership interest or S corporation
stock
- Depreciation problems
and special issues of holding rental real estate
- Charitable deductions
(Schedule A and Form 1041-A)
- Charitable remainder
trusts (Form 5227) and the new ordering rules
- Alternative minimum
tax for trusts and estates (Schedule G)
- Income in respect
of a decedent, deductions in respect of a decedent, and the §691(c)
deduction: calculation and allocation
- Pension plan distributions
to trusts
- Funding pecuniary
marital trusts
- Impact of the new
tax rate on dividends
- Taking advantage
of separate shares and the merged estate
- Understanding how to handle capital gains
and losses under final regulations
Designed
for: CPAs
who are heavily involved in Form 1041 preparation.
Level
of knowledge: Advanced
Field
of study: Taxes
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