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Income Taxation of Estates and Trusts

Author/Moderator: Edward L. Perkins, JD, LLM, CPA
Publisher: AICPA
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This comprehensive course guides you through taxation and the available options and elections. Discover the correlation between fiduciary and income tax rules for trusts and estates, and accounting for income and expenses. Study the taxation of trusts and estates, including the effects on beneficiaries. And finally, explore how to prepare a Form 1041.

Topics Discussed:

  • Calculation concepts for simple, complex, and grantor trusts
  • Recognition and realization of income in respect of decedent
  • Elements of trust accounting income and how to calculate it
  • Tax planning tips to minimize trust, estate, and beneficiary tax liability
  • Case Studies - Prepare Form 1041

Learning Objectives:
This course affords an understanding of the federal income taxation of trusts and decedent's estates, along with the effects certain tax scenarios have on the beneficiaries thereof. Also covered at considerable length is the application and preparation of Form 1041.

Intended Audience
CPAs, enrolled agents, and financial advisers

Prerequisite: Basic understanding of income tax

Advanced Preparation: None

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NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: Text - 8; On-Demand - 5.5
Income Taxation of Estates and Trusts
Text , 2014
Product# 736950
Availability: In Stock
AICPA Member:$165.00
Your Price:$206.25
Income Taxation of Estates and Trusts
CPE On-Demand , 2014
Product# 163540
Availability: Online Access 1 Year
For registered users only
AICPA Member:$95.00
Your Price:$118.95
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