Guide to 1041 Preparation of Estates and Trusts

Course Details

Date

Tuesday, June 23, 2020

9:30am – 11:30am

Field of Study

Taxation

Course Number

CC2685

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

None

Description

Please note: this course applies to fiscal year end 2018

This program will examine critical issues in preparing your clients Form 1041 U.S. Income Tax Return for Estates and Trusts. Learn where taxable income is determined differently from individuals; filing requirements and deadlines; reporting alternatives for grantor trusts; the calculation and allocation of DNI; and the impact of the new Section 199A 20% deduction on trusts, estates and beneficiaries.

This course qualifies for PTIN credit.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

  • Similarities and differences to individual taxation
  • Filing requirements, deadlines and penalties: Section 645 election
  • Simple or complex trusts?
  • Grantor trust filing options
  • Gross income
  • Deductions: Notice 2018-61
  • Distributable Net Income - DNI
  • Section 199A deduction


Objectives

  • Provide a working knowledge of tax rules and guidelines of estates and trust 2018 returns.
  • Discuss planning and potential pitfalls.

Designed For

Experienced CPAs who work with estates and trusts.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$79.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$109.00
Your Price $109.00

CPE Choice

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

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