Estate and Trust Planning: Filing Form 1041
A well-crafted estate plan can help your client minimize and plan for taxes. The 1041 form is crucial to executing a strong estate and trust plan. In this series of courses, you will learn the basics and advance concepts of filing a form 1041 along with guidance on how to plan for your client's income taxation.
This course is excluded from all subscription packages.
More clients are using trusts for estate planning and wealth management purposes than ever before. Therefore, it is essential for tax professionals to develop practical knowledge regarding income taxation of trusts and estates. You’ll benefit from the concise and useful review of key issues and considerations regarding estate and trust planning – all while earning continuing professional education (CPE) hours in the process.
This course is part 1 of a two-part course on Form 1041 and the concepts involved in the federal taxation of trust and estates. Instructor Klaralee Charlton will help you understand the basic concepts involved in how trusts and estates are taxed. She will show you where the tax questions move from that of the decedent into that of the estate and any related trusts. With this course, you’ll learn the concepts and steps you’ll need to understand to complete Form 1041 and advise clients on the necessary steps to properly report the income of an estate or trust.
This self-study course looks at the more advanced concepts in fiduciary taxation and how those are applied on Form 1041. Distributable Net Income is covered in more detail and how trusts are reflected on the return get a closer look as instructor Klaralee Charlton applies the concepts learned in Part 1 and extends those concepts into how they apply to a Form 1041 for a complex trust.
Total: 3 courses (10 CPE hours)
