1041-W05
Fiduciary Income Tax Returns - Form 1041 Workshop

Best Value! Buy a webinar package and save
-- choose the Unlimited Webinar Package or the eight- and sixteen-credit packages.

Date/Time: Friday, December 14, 2012, 9 a.m. - 5 p.m. Eastern (see all dates)

Presenter(s): Art Auerbach

As income tax rates rise on estates, trusts, and their beneficiaries, consideration of the income tax effects becomes more critical. The purpose of this course is to explain the complicated income tax rules of estates and trusts, fiduciary accounting, and how to prepare Form 1041. This practical, over 300-page manual is an excellent reference source for your practice.

Major Topics:

Dividing income in the year of death
Overview of Subchapter J
Income tax issues of estates and trusts
Form preparation issues -- Filing requirements and line-by-line explanations of Form 1041
Taxable income of estates and trusts and expense allocation issues
Specific deductions and miscellaneous itemized deductions
Pension plan issues and income in respect of a decedent
Distributable net income (DNI) and the income distribution deduction
Calculation of DNI and computation of distribution deduction on Schedule B
Principal and Income Act of 1997
Relation of principal and income law to DNI
Understanding how to handle capital gains and losses under final regulations
Tax-planning concerns and special issues
Allocating tax items to beneficiaries: another K-1
Comprehensive estate case study

Learning Objectives:

Be aware of fiduciary accounting principles
Calculate Distributable Net Income and the income distribution deduction
Prepare Form 1041 and Schedule K-1

Designed For: CPAs whose practice includes the preparation of fiduciary income tax returns

Course Level: Intermediate

CPE Credits: 8, Taxes

Prerequisite: A basic course on estates and trusts; preparation of income tax returns

Advance Preparation: None

1041-W05 Fiduciary Income Tax Returns - Form 1041 Workshop

Best Value! Buy a webinar package and save -- choose the Unlimited Webinar Package or the eight- and sixteen-credit packages.

1041-W05
Fiduciary Income Tax Returns - Form 1041 Workshop

Best Value! Buy a webinar package and save
-- choose the Unlimited Webinar Package or the eight- and sixteen-credit packages.