Webinar

Fiduciary Accounting for Estates and Trusts

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

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Financial accounting for trusts and estates is one of the least understood branches of accounting. It is not particularly concerned with recording income and expenses but is obsessed with determining whether receipts and expenditures are assigned to income or principal/corpus. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Major subjects

• 10 Principles of Tax Accounting for Trust Income
• Entity accounting income and Form 1041
• Uniform Principal and Income Act
• Discretionary Power to Adjust
• Allocations between principal and income
• Trust accounting
• Discretionary Power to Adjust

Learning objectives

• Apply a working knowledge of the financial accounting rules for estates and trusts
• Identify planning and potential pitfalls

Who should take this program?

• Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $129.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.