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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
INCOME TAXATION OF TRUSTS AND ESTATES: PLANNING AND PREPARATION OF FORM 1041COURSE ID: ITTE
DESCRIPTION

Subchapter J of the Internal Revenue Code governs income taxation of estates and trusts; an area of tax law with numerous special rules, regulations, and professional customs. Form 1041 is unlike any other income tax return a tax professional encounters. This program explains the unique tax rules, and opportunities for the knowledgeable tax advisor to provide valuable tax services to fiduciaries; from special tax accounting, to options for reporting trust income and expenses.

DESIGNED FOR: Accountants who advise fiduciaries about tax matters and/or prepare Forms 1041FIELD OF STUDY: TaxesLEVEL: IntermediatePREREQUISITES: NoneCOURSE PRODUCER: Nichols Patrick CPE, IncCREDITS: 8.0OBJECTIVES:
  • State of decedent as a taxpayer: filing requirements and tax planning
  • Types of trusts
  • Trust accounting and available tax elections
  • Filing requirements and preparation of Form 1041
  • Unique classification of some income and expenses
  • Distributable Net Income (DNI): the concept and its application
HIGHLIGHTS:

* Estate of decedent as a taxpayer: filing requirements and tax planning * Types of trusts * Trust accounting and available tax elections * Filing requirements * Unique classification of some income and expenses * Distributable Net Income: the concept and its application

INSTRUCTOR
-TBD-
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