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.
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.
* 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
Basic working knowledge of partnerships and LLCs
Additional Event Information
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
You may test your system by clicking here. Please test your system to ensure you have the proper components installed.
Share This Event
|Other CPA State Society Member||N/A||$145.00|
For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.