November 30, 2022


Webinar


4 Total CPE Credits

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Guide to 1041 Preparation of Estates & Trusts - 4 Hours

Learning Objectives

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

Major Topics

    • 2021-22 rates and brackets
    • Calculating a trust's AGI
    • Filing requirements, deadlines, and penalties
    • 3.8 percent Medicare surtax on net investment income (NII)
    • Simple vs. complex trusts
    • Grantor Trusts—Four options to report activity
    • Fiduciary Accounting and the 10 Principles of tax accounting for trust income Section 643 (g) Election
    • Taxable income of trusts, estate, and beneficiaries
    • Deductions
    • Distributions

CPE Credits Available

4
Total CPE
4
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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