The Complete Guide to the Preparation of Form 1041 – Optional Fast Track Day 3
Description
This event has been pre-approved for CE credit by the CFP Board and the IRS.
Tax compliance issues for fiduciary entities are sometimes confusing to practitioners due to the fact that many lack experience in this area. This course provides the practitioner with a practical understanding of the issues involved in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).
Learning Objectives
To provide an overview and guide to preparing the US Income Tax Return for Estates and Trusts (Form 1041)
Major Topics
How to prepare form 1041
Specific issues regarding a decedent's estate
Specific issues regarding a trust
Understanding the basics of Subchapter J of the Internal Revenue Code
How to comply with the "Obamacare" tax compliance issue
Case studies regarding reading an estate document
Understanding of distributable net income (DNI)
Understanding of income in respect of a decedent (IRD)
Line-by-line instruction
Course Level
Basic
Professional Area of Focus
Personal Financial Planning
Tax
CPE Field of Study
Taxes
8
Who Should Attend
CPAs, EAs, attorneys, bankers
Instructor(s)
Arthur Werner
Prerequisites
None
Advanced Preparation
None
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US
