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Course Detail

Income Tax for Estates and Trusts-Form 1041 - 2023  

CATEGORY: Taxation
COURSE ID: ESTG23, VERSION 1.00
  Seminar
8 CPE Credits
Level: Basic
The Gear Up Income Tax for Estates and Trusts-Form 1041 seminar is part of our Royal Flush Conference

The Royal Flush Conference returns to Las Vegas in 2023. Gear Up brings the community together in-person with award-winning speakers to deliver the conference experience professionals have enjoyed for over 50 years. For details click here.

There’s a natural reluctance on the part of tax preparers to learn about estates and trusts-this subject seems so esoteric. But consider: if you prepare enough 1040’s, it’s a fact of life that some of your clients will die each year. If their financial situation is sophisticated enough to need you as the tax preparer, they will have an estate or trust. The family will be counting on you to help them through this traumatic time. Don’t wait until this happens for you to learn fiduciary taxation. Now is the time to prepare. This situation can be a problem or an opportunity. Make it an opportunity to add this service to your practice. 

This course addresses the fiduciary income tax return, Form 1041. You will learn basic estate and trust terminology, the probate process, income in respect of a decedent, and the income distribution deduction. We walk through the preparation of Schedule B of the 1041. And trusts…do we cover trusts! Whether its complex or simple, inter Vivos or testamentary, revocable vs. irrevocable, you will no longer suffer from the angst that often strikes when working with trusts. We drill down deep to demystify the whole trust concept.

All this, as well as special topics such as community property, decedent’s final return, terminations and supplemental needs trusts and more. Now is the time to familiarize yourself with what you will need to know when that phone call comes in from your client in need.

Qualifies for IRS and CTEC credit.

The Gear Up transfer and cancellation policy affords you the flexibility to confidently pursue the education you need. Click here for policy details. Does not apply to association or society events.
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