Form 1041: Down to the Basics

Course Details


Friday, November 1, 2019

3:30am – 11:00am
(Registration: 3:00am)

Field of Study


Course Number


CPE Credit

8.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation




Review the fundamentals of the fiduciary entity, fiduciary accounting and taxation. From inception to completion, practitioners analyze Form 1041 and use a spreadsheet to track the different calculations necessary for accurate preparation.

This course will also review recent tax law changes that impact Form 1041, provide tools and schematics to assist in navigating various problem situations and improve the overall comprehension of what to look for when reviewing a Form 1041 submitted by another practitioner.

Materials are provided as an ebook.


  • Introduction to the fiduciary entity
  • Fiduciary accounting fundamentals
  • Subchapter J, DNI and the Distribution Deduction
  • Simple and complex trusts
  • Alternative Minimum Tax (AMT) for fiduciary entities
  • Form 1041 updates
  • Special problem situations


  • Identify the basic components of a fiduciary entity.
  • Review the state and federal laws that drive a fiduciary entity.
  • Recognize the relationship among the different authorities that impact accounting and tax treatments.
  • Determine tax law changes that impact Form 1041 and analyze Form 1041 from inception to completion.
  • Identify how to review a Form 1041 submitted by another practitioner.

Designed For

Tax practitioners, accountants and financial professionals.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Webcasts