Webinar: Successfully Completing an Income Tax Return for a Trust or Estate -- Form 1041

WS782  |  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
Your Price: $99.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.