November 30, 2022

Webinar

2 Total CPE Credits

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Guide to 1041 Preparation of Estates & Trusts - 2 Hours

This program examines the critical issues, rules, and special opportunities when preparing your clients' Form 1041 US Income Tax Return for Estates and Trusts. Learn where taxable income is determined differently from individuals; filing requirements and deadlines; reporting alternatives for grantor trusts; and other key topics you need to consider when filing your clients 1041 return.

 

Learning Objectives

  • Provide a working knowledge of tax rules and guidelines of estates and trusts returns
  • Discuss planning and potential pitfalls.

Major Topics

  • Similarities and differences to individuation taxation
  • Filing requirements, deadlines and penalties: Section 645 election
  • Simple vs. complex trusts
  • Grantor trust filing options
  • Gross income
  • Deductions
  • Distributions
  • Section 199A

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

A basic working knowledge of Form 1041 and estates and trusts.

Advanced Preparation

None

Intended Audience

Experienced CPAs working with estates and trusts.

Provider

ACPEN

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