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22WC-1068: Form 1041 Advanced Workshop: Part 1 of 4 (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, January 9, 2023
Time 10:00am - 11:50am
Central Time
Location Online
CPE credits CPE 2.0
of study
Taxes - Technical (2.0)
Standard Member Fee $79.00
Standard Nonmember Fee $109.00


The field of fiduciary accounting and taxation has been in transition for the past several years, with updated fiduciary accounting rules and the increased tax cost of accumulating income in a non-grantor trust. The income tax rate structure changes at the Federal and state levels have pulled income tax planning forward as a prime objective for estate planners. The rules and understanding of fiduciary accounting continue to be in a state of development and challenge. It is an understatement to say that fiduciary accounting and taxation have entered a new and very different phase of complexity and change. We will explore many of these issues in Parts 1-4 of Form 1041 Workshop. Form 1041 Advanced Workshop Part 1  |  Form 1041 Advanced Workshop Part 2  |  Form 1041 Advanced Workshop Part 3  |  Form 1041 Advanced Workshop Part 4

Who should take this program?

Tax practitioners, accountants and financial professionals.

Major subjects

  • The Need to Understand the Different Calculations Generated by the Multiple Authorities and Disciplines
  • Modeling to Minimize the Tax Cost to the Trust while Maintaining the Grantor's Intent
  • Deep Dive into IRC Secs. 67(e) , 67(g) & 642(h)
  • Overview of Passive Activity Rules as they Pertain to a Fiduciary Entity

Learning objective(s)

  • Review Issues and Updates for Fiduciary Entities
  • Develop an Approach to Fiduciary Accounting and Taxation
  • Recognize the Tax Cost of Accumulating Taxable Income in a Trust
  • Develop a modeling spreadsheet to track all the numbers
  • Recognize the Impact of New Legislation on Trusts and Estates
  • Identify Issues with Fiduciary Entities that Hold Passive Assets


Course code Code 22WC-1068
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. An understanding of the basics of Form 1041, fiduciary accounting and taxation.

If you have questions about this event, please call us at 952-831-2707.

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