Webinar

The Preparation of Form 1041 - Primer on Subchapter J

Tax compliance issues for fiduciary entities are sometimes confusing to practitioners since 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 (From 1041). 

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Objectives

* Recognize the basics of Subchapter J of the Internal Revenue Code

* Identify what constitutes taxable income

* Identify what constitutes taxable deductions

* Identify what constitutes fiduciary income

* Identify what constitutes fiduciary deductions

* Differentiate taxable income from accounting income

Highlights

* Preparing Form 1041

* Specific issues regarding a decedent’s estate

* Specific issues regarding a trust

* Subchapter J of the Internal Revenue Code

* “Obamacare” tax compliance issue

* Case studies regarding reading an estate document

* Distributable net income (DNI)

* Income in respect of a decedent (IRD)

* Line-by- line instruction

Additional Information

Designed For

CPAs, EAs, and attorneys

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

None

Field of Study

Taxes

Course Number

171427190

Level of Knowledge

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