- TX Credits : 8.0
- CFP Credits : 8
- CTEC Credits : Federal Tax Law - 8.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 8.0
Session Description - This course covers the purposes of the fiduciary income tax return-Form 1041. Coverage includes essential terminology of estates and trusts, the essence of a trust vs. a probate estate, simple vs. complex trusts as well as revocable vs. irrevocable trusts. Recent developments are covered. Includes an introduction to fiduciary accounting (principle vs. income). This course will address the 1041 head-on. The mysteries of “income in respect of a decedent” are plumbed. Particular attention is focused on the income distribution deduction as Form 1041 is the only place in the world of tax where this item is found. This course includes a walk through completion of Schedule B. Also, in this section we address specialized topics such as Tier 1 and 2 distributions, the separate share rule, stale trusts, terminations and special needs trusts.
CFP Board accepted. Qualifies for CFP credit.
Gear Up is returning to in-person seminars during 2021 with a limited number of in-person offerings in select locations. For a listing of Gear Up sponsored in-person events click here.
Transfers/Cancellations - In light of the continually evolving COVID-19 situation, we've revised our cancellation policy to afford you the flexibility to confidently pursue the education you need. Click here for policy details.
We partner with sponsoring state associations to provide both live, in-person, and online seminars. Here is where you can reach your local partners to learn more.
Click here for a schedule of their events (PDF)
Going virtual has never been easier and a better value!
Does not apply to association or society events.
Click to return to the Gear Up home page on Checkpoint Learning