Customer Service: 800-778-7436     

    Log In to Your Surgent Account

    Forgot?
    Forgot?

    Register for an Account

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Choose CPE Format:

Live WebinarSELECT

There are currently no upcoming dates scheduled for this webinar. Please fill out this short form to be notified when this webinar is next available. 

FIRST NAME
LAST NAME
EMAIL ADDRESS
COMMENTS (OPTIONAL)
Self-StudySELECT STARTING AT $175

Downloadable PDF

Credits: 12

Qualifies For: IRS

$175

Textbook

Credits: 12

Qualifies For: IRS

$190
Get this course FREE with an Unlimited Package! Learn More
  • It was an awesome course. I have recommended it to a couple of CPA friends.

    - A Surgent Customer

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.

Advanced Form 1041 Practice Workshop (AP41)

  • Customer Rating
  • Field of Study
    Taxes
  • Level
    Advanced
  • Credits
    12
  • Qualifies for

    IRS CPE

Overview

The use of trusts must be re-evaluated in a post-tax reform world, with higher income tax rates for both the trust and its beneficiaries. Practitioners who understand the basics of Subchapter J and Form 1041 compliance soon encounter complex problems requiring sophisticated applications. This course builds upon our intermediate-level course to concentrate on the most difficult issues in practice. This is an essential offering for the practitioner with high-powered clients. Updated for post-election developments relative to potential estate tax repeal, and the implications for trust planning.

Major Topics:

  • Case studies with completely filled-in forms tracking the flow of tax items and worksheets
  • Taking advantage of separate shares and the merged estate
  • Merging estates and trusts for income tax purposes
  • Special problems of estates and trusts relating to the new 3.8-percent tax on investment income
  • Alternative minimum tax for trusts and estates (Schedule G)
  • Grantor trusts: identification and compliance issues
  • Income in respect of a decedent, deductions in respect of a decedent, and the §691(c) deduction: calculation and allocation
  • Funding pecuniary marital trusts
  • Charitable deductions (Schedule A)
  • Charitable remainder trusts (Form 5227) and the ordering rules
  • Depreciation problems & special issues of holding rental real estate
  • Special problems for a trust or estate holding a partnership interest or S corporation stock (ESBTs and QSSTs)
  • Post-election developments relative to potential estate tax repeal, and the implications for trust planning

Learning Objectives

  • Identify items of income in respect of a decedent (IRD) and calculate the §691(c) deduction
  • Understand how depreciation and alternative minimum tax applies to estates and trusts 
  • Prepare Form 1041 and Form 5227 for charitable trusts
  • Distinguish grantor and non-grantor trusts

Who should take this course:

Designed for:

CPAs who are heavily involved in Form 1041 preparation

Prerequisite:

Previous coursework in Form 1041 preparation or equivalent knowledge and experience

Advanced Preparation:

None

Loading...

Loading...

Thank You!

YOU HAVE ADDED THE FOLLOWING TO YOUR CART:


Loading...

Thank You!

Thank You! Your request has been submitted.



Get More with a Surgent CPE package

Self-Study Library Package

  • Unlimited 24/7 access to 200+ downloadable self-study courses

  • Courses range from 2-20 credits

  • Provides online grading & CPE certificates by email

$499

Learn More

Unlimited Webinar Package

  • Unlimited access to all non-premium live CPE webinars

  • Includes 1-, 2-, 3-, 4-, and 8-hour webinars, including Saturday and evening options

  • Access through 12/31/16

$649

Learn More

Unlimited Plus Package

  • Unlimited access to ALL live CPE webinars

  • Includes all premium courses and virtual conferences

  • Unlimited 24/7 access to all self-study courses

  • Includes all on-demand webcasts Access for a year from purchase date

  • Unlimited 24/7 access to all self-study courses

$849

Learn More
  • CPE Continuing Professional Education for CPAs

  • IRS Continuing Education for EAs and the AFSP program

  • CFP Accepted by the CFP® Board

  • YB YellowBook Continuing Education

Explore Additional Courses by Topic

SURGENT IS APPROVED AS A PROVIDER OF CONTINUING EDUCATION BY:

Thank You!

Thank You! Your subscription has been submitted.