Course ID: ITET

Federal Income Taxation of Estates and TrustsUpdate

This course is designed to help the beginner as well as the experienced practitioner in their understanding of income taxation of Estates and Trusts. Fiduciary income and issues will be reviewed, including a complete analysis of Form 1041, (U.S. Income Tax Return for Estates and Trusts). In addition, new changes in the tax laws as they relate to Form 1041 will also be reviewed.

Learning Objectives

Recognize a complete IRS Form 1041

Major Topics

  • Review of essential IRC Sections
  • Review of new legislation
  • A quick look at the decedent’s final return and how to allocate income between the decedent and fiduciary
  • What a tax practitioner needs to know about estate planning and probate
  • Overview of split-interest charitable trusts
  • What can and cannot be deducted on Form 1041
  • How to calculate the income distribution deduction
  • Fiduciary accounting
  • Proper handling of depreciation and rental losses
  • Calculating the estate tax deduction on income in respect of a decedent (IRD) ? Tips on building an estate practice

Who Should Attend

CPAs, EAs, attorneys, and bankers

Fields of Study



One year of tax experience


Werner-Rocca Seminars LTD

CPE Credits




This course is available for your group as:


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