Webinar

Guide to Preparing Form 1041 for Estates and Trusts

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

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This program examines the critical issues, rules, and special opportunities when preparing your clients' Form 1041 US Income Tax Return for Estates and Trusts. Learn what is considered taxable income; filing requirements and deadlines; impact of the 3.8 percent Medicare surtax on net investment income; and the 10 principles of tax accounting for trust income.

• Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Major subjects

• Current rates and brackets
• Calculating a trust's AGI
• Filing requirements, deadlines and penalties
• 3.8% Medicare surtax on net investment income (NII)
• Simple vs. complex trusts
• Grantor Trusts: Four options to report activity
• Section 643 (g) Election
• Taxable income of trusts, estate and beneficiaries

Learning objectives

• Apply the most recent tax rules and guidelines when preparing client estates and trusts returns
• Identify planning ideas and potential pitfalls

Who should take this program?

• Experienced CPAs working with estates and trusts

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.