The Complete Guide to the Preparation of Form 1041

Overview

Tax compliance issues for fiduciary entities are sometimes confusing to practitioners since many lack experience in this area. This course provides the practitioner with a practical understanding of the issues involved in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).

Highlights

How to prepare a Form 1041, Specific issues regarding a decedent’s estate, Specific issues regarding a trust,Understanding the basics of Subchapter J of the Internal Revenue Code, How to comply with the tax compliance issue, Case studies regarding reading an estate document, Understanding of distributable net income (DNI), Understanding of income in respect of a decedent (IRD), Line-by-line instruction

Prerequisites

None

Designed For

CPAs, EAs, and attorneys

Objectives

At the end of this course, you will be able to: Recognize the components of the U.S. Income Tax Return for Estates and Trusts (Form 1041)

Notice

Approved for EA Credits