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Fiduciary Tax Returns: A Practical Workshop Webinar

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Live Webinar
Self-Study
Live Webinar

$129

CPE Credits: 4 Hours
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Overview
Objective
Emphasis
Overview

Form 1041 is among the most confusing returns that tax professionals prepare. In this informative webinar, based on real-life case scenarios, you will learn about:

  • Best techniques for preparing Form 1041
  • Gathering information from trustees and fiduciaries
  • The impact of various election options

 

This course qualifies for IRS Continuing Education Credit.

Objective

To provide preparers with a working knowledge of applicable tax laws, and the ability to prepare complete and accurate fiduciary income tax returns.

Emphasis
  • Filing requirements for estates and trusts
  • Simple and complex trusts
  • Choice of annual accounting period
  • Calculation of taxable income
  • Capital gains
  • Tax-effective distributions to beneficiaries
  • Grantor trusts
  • Income in respect of a decedent
  • Estimated tax rules

Available Formats:

Live Webinar
Self-Study
Live Webinar

$129

CPE Credits: 4 Hours
View Dates

This course is included in the following subscriptions:

Valid Subscriptions:
Not available
Anytime Subscription
Self-Study Subscription
Combo Subscription
Evening/Weekend Subscription

Need more than one course? Upgrade to a subscription and save.

View Subscriptions
Prerequisite
Basic knowledge of taxation
Level of Knowledge
Intermediate
CPE Credits
4 Hours
NASBA Field of Study
Taxes
CPE Subscriptions: A Better CPE Experience
  • Earn all your credits in one place--no more separate providers.  We're your one-stop-shop to complete your CPE requirements fast.
  • General & state-specific ethics courses are included at no additional cost.  (When we say in one place, we mean it!)
  • Convenience meets flexibility with CPE Subscription options that align with your schedule, no matter how busy you are. 

 

Learn More

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Fiduciary Tax Returns: A Practical Workshop Self-Study Webinar

share icon
Link Copied!

Available Formats:

Live Webinar
Self-Study
Self-Study

$129

CPE Credits: 5 Hours
Add To Cart
Overview
Objective
Emphasis
Overview

Form 1041 is among the most confusing returns that tax professionals prepare. In this informative self-study webinar, based on real-life case scenarios, you will learn about:

  • Best techniques for preparing Form 1041
  • Gathering information from trustees and fiduciaries
  • The impact of various election options

 

This course qualifies for IRS Continuing Education Credit.

Objective

To provide preparers with a working knowledge of applicable tax laws, and the ability to prepare complete and accurate fiduciary income tax returns.

 

DETAILED LEARNING OBJECTIVES

• Recognize the filing threshold for the estate tax return

• Recognize the due date for the filing of the estate tax return

• Recognize the proper placement of a decedent’s assets on the Form 706 Schedules

• Recognize how to report the value of joint interests on a decedent’s estate tax return

• Recognize the gross estate inclusion rules of Sections 2035 through 2038

• Identify which types of expenses are properly reported as debts of the decedent on the estate tax return

• Identify an estate’s initial tax year

• Identify the available tax year for an estate

• Identify the available tax year for a trust

• Identify the filing threshold for Form 1041 

• Recognize the applicability of the passive activity rules to estates and trusts

• Recognize the grace period in which an estate can use a decedent’s prior activity losses

• Recognize income in respect of a decedent

• Recognize how income in respect of a decedent is reported

• Recognize the degree to which certain income and deductions available to individuals are (or are not) available to estates and trusts

• Recognize the applicability of a deduction for investment interest expense for estates and trusts

• Recognize the percentage threshold required of a decedent’s closely held business valuation to gross estate valuation to defer estate taxes under Section 6166

• Identify the percentage of direct and indirect expenses deductible by an estate or trust when the estate or trust earns both taxable and nontaxable income

• Identify the extent to which a simple or complex trust can deduct charitable contribution

• Identify the circumstances under which estate administrative expenses can be deducted

• Identify under which circumstances double deductions are allowed on a fiduciary tax return

• Identify which expenses can only be deducted on the decedent’s final Form 1040

Emphasis
  • Filing requirements for estates and trusts
  • Simple and complex trusts
  • Choice of annual accounting period
  • Calculation of taxable income
  • Capital gains
  • Tax-effective distributions to beneficiaries
  • Grantor trusts
  • Income in respect of a decedent
  • Estimated tax rules

Available Formats:

Live Webinar
Self-Study
Self-Study

$129

CPE Credits: 5 Hours
Add To Cart

This course is included in the following subscriptions:

Valid Subscriptions:
Not available
Anytime Subscription
Self-Study Subscription
Combo Subscription
Evening/Weekend Subscription

Need more than one course? Upgrade to a subscription and save.

View Subscriptions
Prerequisite
Basic knowledge of taxation
Level of Knowledge
Intermediate
CPE Credits
5 Hours
NASBA Field of Study
Taxes
CPE Subscriptions: A Better CPE Experience
  • Earn all your credits in one place--no more separate providers.  We're your one-stop-shop to complete your CPE requirements fast.
  • General & state-specific ethics courses are included at no additional cost.  (When we say in one place, we mean it!)
  • Convenience meets flexibility with CPE Subscription options that align with your schedule, no matter how busy you are. 

 

Learn More

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