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Estates and Trusts Income Taxation: Tax Issues to Address in Preparing Form 1041

Author/Moderator: Edward Perkins, JD, LLM
Publisher: AICPA
Availability: Backordered
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Previous title: Form 1041: Income Taxation of Estates and Trusts

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.

Prerequisite: None

Advanced Preparation: None

Table of Contents


Videocourse Details

NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: 10 Preliminary Credit, See Details
Product# 736949
Availability: Backordered
AICPA Member:$165.00
Your Price:$206.25
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