The Complete Guide to the Preparation of Form 1041
Description:
Tax compliance issues for fiduciary entities are sometimes confusing to practitioners since many lack experience in this area. This course provides the practitioner with a practical understanding of the issues involved in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).
Highlights:
How to prepare a Form 1041 Specific issues regarding a decedent's estate Specific issues regarding a trust Understanding the basics of Subchapter J of the Internal Revenue Code How to comply with the tax compliance issue Case studies regarding reading an estate document Understanding of distributable net income (DNI) Understanding of income in respect of a decedent (IRD) Line-by-line instruction
Objectives:
At the end of this course, you will be able to:
Recognize the components of the U.S. Income Tax Return for Estates and Trusts (Form 1041).
Prerequisites:
None
Designed For:
CPAs, EAs, and attorneys