Help  |  Pay an Invoice  |  My Account  |  CPE Log  |  Log in

22WC-1084: Form 1041 Advanced Workshop: Part 3 of 4 (Webinar)

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

Friday, January 13, 2023
10:00am - 11:50am Central Time
2 CPE (2 technical)

Trusts are old entities and go as far back as the Crusades when we were an agrarian society, and the only asset of any value was the land and what was produced on the land. Therefore, dividing the benefit in trust between income and principal was logical and worked efficiently for a long time. However, times have significantly changed, and trusts are often invested in assets that don't involve land, and these assets also have great value. Often the value lies in their growth and not the income they produce. New rules have developed in the fiduciary accounting area, and they provide elections that often make favorable results to the trust and the beneficiaries. This section of the 1041 Workshop will explore those elections. Form 1041 Advanced Workshop Part 1 | Form 1041 Advanced Workshop Part 2 | Form 1041 Advanced Workshop Part 3 | Form 1041 Advanced Workshop Part 4

Major subjects

  • Basic Fiduciary Accounting Problem
  • Problem Example with Reserve for Depreciation
  • Problem Example with Separate Accounting for Business Assets
  • Problem Example with Separate Accounting for Business Assets with Reserve
  • Fiduciary Accounting for Distributions from Entities

Learning objective(s)

  • Understand the Impact of Making Fiduciary Accounting Elections
  • Review Accounting Rules for Distributions from Entities
  • Review California Law Changes for Prob. C Sec. 16350

Who should take this program?

Tax practitioners, accountants and financial professionals.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $109.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmarkStandard Nonmember Fee $109.00

More program information

Location Online
Area
of study
Financial planning
Field(s)
of study
Taxes - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. Form 1041 Advanced Workshop Part 2
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

Not a member? Join the MNCPA to start saving on CPE and accessing members-only benefits.

Search CPE catalog

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