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Guide to 1041 Preparation of Estates & Trusts

1:00 pm–4:45 pm ET

# of CPE Credits

4

Description

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.

Objective

Upon completion of this course, you will be able to * Apply the most recent tax rules and guidelines when preparing client estates and trusts returns * Apply planning ideas and potential pitfalls.

Highlights

* Tax rates and brackets * Calculating a trust's AGI * Filing requirements, deadlines, and penalties * 3.8 percent Medicare surtax on net investment income (NII) * Simple vs. complex trusts * Grantor Trusts—Four options to report activity * Fiduciary Accounting and the 10 Principles of tax accounting for trust income * Section 643 (g) Election * Taxable income of trusts, estate, and beneficiaries * Deductions * Distributions

Who Should Attend

Experienced CPAs working with estates and trusts

Required Knowledge

Basic working knowledge of partnerships and LLCs

Advanced Prep

None

Event Speaker(s)

Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected].

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.

Test Your System
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Also Available As

Webinar
Thursday, June 16, 2022 (8:30 am–12:15 pm ET)
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Webinar
Thursday, July 14, 2022 (1:00 pm–4:45 pm ET)
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Webinar
Monday, August 15, 2022 (1:00 pm–4:45 pm ET)
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Event Vendor:Van Der Aa Tax Ed, LLC
Field of Study:Taxes
Level: Intermediate

Event Type:Webinar
NASBA Instructional Method:Group Internet Based
Event Code:WB198322

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$145.00
Non-MemberN/A$195.00
Other CPA State Society MemberN/A$145.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.