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24WA-3268: Fiduciary and Tax Accounting Guide for Estates and Trusts (Webinar)

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

Monday, June 24, 2024
9:00am - 1:00pm Central Time
4 CPE (4 technical)

Alternate dates & more options

  • Friday, August 9, 2024 - Webinar
  • Wednesday, August 28, 2024 - Webinar
  • Thursday, September 5, 2024 - Webinar
  • Friday, September 20, 2024 - Webinar
  • Thursday, October 10, 2024 - Webinar
  • Saturday, October 26, 2024 - Webinar
  • Friday, November 8, 2024 - Webinar

This course will review the fundamentals of fiduciary accounting and provide a reporting guide for determining whether receipts and expenditures are assigned to income or principal/corpus. Critical issues, rules, and special opportunities when preparing your clients' Form 1041 U.S. Income Tax Return for Estates and Trusts will be examined, including what is considered taxable income and allowable deductions. Planning and potential pitfalls will also be explored.

Major subjects

  • Fundamentals of fiduciary accounting
  • Uniform Principal and Income Act
  • Discretionary Power to Adjust
  • Allocations between principal and income
  • Estates & Trusts tax bracket
  • Form 1041 - Schedule I
  • Filing requirements
  • Section 645 Election
  • Estimated taxes

Learning objective(s)

  • Apply a working knowledge of the financial accounting rules for estates and trusts
  • Identify current tax guidelines when preparing a clients estates and trusts return
  • Identify planning and potential pitfalls

Who should take this program?

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

Fees

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.
Standard Member Fee $129.00
checkmark Standard Nonmember Fee $129.00

More program information

Instructor Douglas Van Der Aa, CPA, JD
Location Online
Area
of study
Financial planning
Field(s)
of study
Taxes - Technical (2.0)
Accounting - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. Basic working knowledge of estate and trust tax rules
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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