November 30, 2022


Webinar


2 Total CPE Credits

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Fiduciary Taxation: Back to Basics-Part 2 of 4

Learning Objectives

  • Analyze the Importance Identifying the Distribution and Understanding the Mechanism of DNI & the Distribution Deduction
  • Calculate DNI & the Distribution Deduction
  • Analyze the Interaction of Fiduciary Accounting & Taxation

Major Topics

  • The Concept of Distributable Net Income (DNI)
  • The Steps to Calculating the Distribution Deduction
  • Developing a Spreadsheet Approach for Calculating the Distribution Deduction
  • Review of the Simple Trust
  • Expenses Allocated to Tax Exempt Income under IRC Sec. 265
  • Special Rule of IRC Sec. 67(g) created under 2017 TCJA
  • Special Rules for Depreciation
  • Simple Problem Examples #1 and #2 (w/ Exhibits)

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Prerequisites

Fiduciary Taxation: Back to Basics-Part 1

Advanced Preparation

None

Intended Audience

Tax practitioners, accountants and financial professionals.

Provider

California Society of CPAs

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