Accounting and Tax Planning for Estates and Trusts

Course Details

Date

Monday, October 12, 2020

7:00am – 11:00am

Field of Study

Taxation

Course Number

CC2764

CPE Credit

4.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

Basic working knowledge of estate and trusts.

Description

This program gives an introduction to fiduciary (book) accounting, the allocation of receipts and disbursements between income and principal under the Uniform Principal and Income Act, including how it impacts the calculation of the income distribution deduction for complex trusts on the Form 1041. Critical issues concerning preparing client's Form 1041 will be addressed, with a focus on the impact of the new Section 199A 20% deduction on trusts, estates and beneficiaries.

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

Highlights

The major topics that will be covered in this course include:

  • Introduction to fiduciary accounting
  • Distinction between "income" and "principal"
  • Discuss Uniform Principal and Income Act
  • 2019 rates and brackets
  • Section 199A pass-through income
  • Excess business losses and Form 461
  • Filing deadlines and extensions
  • Simple or complex trust?
  • Grantor trust

Objectives

After attending this presentation you will be able to...

  • Identify financial accounting, tax rules and guidelines of estates and trusts
  • Determine potential pitfalls and planning ideas

Designed For

Those seeking to grow their knowledge regarding tax planning for estates and trusts

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$139.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$199.00
Your Price $199.00

CPE Choice

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

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