Webinar: Successfully Completing an Income Tax Return for a Trust or Estate -- Form 1041
WS207 | Course | Advanced | Scheduled
Description
Some of your clients have estate plans that provide for testamentary trusts. Other clients make gifts to irrevocable trusts during their lifetime. And
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
Any tax practitioner who wishes to understand how to assist clients with filing a federal gift tax return
Prerequisites
Intermediate understanding of federal income tax
Highlights
- Passive activity rules for trusts including the NIIT
- The different types of trusts for income tax purposes (e.g. simple, complex, grantor, charitable)
- The critical categorization of income (taxable income vs. fiduciary accounting income)
- Distributable net income (DNI) and how it works
- The “Tier” Rules
- The Separate Share Rule
- IRC 663(b) “65-Day” Rule
- IRC §691(c) Deduction
- QSST and EBST elections
- How to treat excess deductions on termination
- Grantor trust rules and how they impact planning and return preparation
- The income tax side of Domestic Asset Protection Trusts
Objectives
- Understand how to file a basic income tax return for an estate or trust – form 1041
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $99.00
- Non-Member (Early Bird)
- $99.00
- Member
- $99.00
- Non-Member
- $99.00