Webinar

1041 Preparation of Estates and Trusts

This program examines the critical issues, rules and special opportunities when preparing your clients Form 1041 U.S. Income Tax Return for Estates and Trusts, with a focus on what is considered taxable income; filing requirements and deadlines; and the impact of the 3.8% Medicare surtax on net investment income. The 10 Principles of Tax Accounting for Trust Income will also be discussed.

This event may be a rebroadcast of a live event, with the instructor available to answer your questions either during or after the event.

Objectives

Provide a working knowledge of tax rules and guidelines of estates and trusts.

Discuss planning and potential pitfalls.

Highlights

  • 2018 rates and brackets.
  • Calculating a trust's AGI.
  • The 10 Principles of Tax Accounting for Trust Income.
  • Filing requirements, deadlines and penalties.
  • 3.8% Medicare surtax on Net Investment Income (NII).
  • Section 643(g) election.
  • Taxable income of trusts, estate and beneficiaries.
  • Deductions.
  • Distributions.


Additional Information

Designed For

Experienced CPAs who work with estates and trusts.

Vendor

CPA Crossings, LLC

Advanced Preparation

None

Prerequisite

None

Field of Study

Taxes

Course Number

1811676

Level of Knowledge

Intermediate

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