Lifecycle Financial Planning - Estate Planning - Form 1041 Basics

OL1473  |  On Demand Course  |  Update  |  Self-Study

Description

After the loss of a loved one, nothing can be more stressful to the client than trying to deal with tax filings. As practitioners, we can make the lives of clients dealing with these losses much easier if we can help them navigate these forms. In this course, we will discuss some of the opportunities on Form 1041. We will discuss basic tax strategy, elections that may be made, as well as opportunities that may be available. By understanding these things, you will be in a better position to give grieving clients the best advice possible during difficult times.

Credits

Number of Credits Type of Credits
1.00 Taxes

Designed For

Tax practitioners and financial advisors who advise on tax compliance for trusts and estates.

Objectives

  • Identify who needs to file a Form 1041 Income Tax Return.
  • State common deductions and elections available for estates on Form 1041.
  • Recognize the key considerations when making a distribution to beneficiaries.

Prices

Member (Early Bird)
$59.00
Non-Member (Early Bird)
$99.00
Member
$59.00
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.

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Instructors

David Peters

David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry.

David was the first-ever Chief Financial Officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and he was a recipient of Surgent's Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs and was a recipient of The American College of Financial Services' 2019 NextGen Financial Services Professional Award.

He holds four master's degrees and is currently pursuing his Ph.D. in financial planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Adviser. Carroll Financial and Cetera Advisor Networks, LLC are under separate ownership and are not affiliated with any other named entity.

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