Form 1041 Workshop

Course Details


Monday, January 27, 2020

6:30am – 2:00pm
(Registration: 6:00am)

Field of Study


Course Number


CPE Credit

8.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation


An understanding of the basics of Form 1041, fiduciary accounting and taxation.


Successfully navigating Form 1041 can be a challenge for the most seasoned practitioners. Review advanced issues that arise in fiduciary accounting and taxation, as well as the favorable planning opportunities available to minimize taxes.

Focus on how new legislation has impacted Form 1041; special situations involving fiduciary accounting for flow-through entities; and issues that arise upon the death of the grantor or first spouse. Additionally, the class will review and analyze California Form 541 issues.

Materials are provided as an ebook.


  • Impact of fiduciary taxation law, tax rates and the Medicare surtax
  • The tax cost of accumulating taxable income in a estate or non-grantor trust
  • Fiduciary accounting issues that impact distributions from entities or trustee's power to adjust
  • Distribution deduction and planning strategies
  • Death of grantor or first spouse, and related reporting and planning issues
  • California Form 541 issues and updates


  • Identify the basic concepts of fiduciary taxation.
  • Recognize the impact of the Medicare surtax and the latest legislation on fiduciary tax rates and brackets.
  • Determine special issues involved with fiduciary accounting that involve distributions from flow-through entities, the power to adjust and other special elections that impact fiduicary accounting income.
  • Analyze issues involving distributions, the distribution deduction and special issues involving capital gains and in-kind distributions.
  • Determine and analyze the issues and elections that arise upon the death of the grantor or first spouse.
  • Review California fiduciary taxation and differences with Federal law.

Designed For

CPAs, trustees, attorneys and advisers.

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.

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