Guide to 1041 Preparation of Estates and Trusts (4 hours)

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Cancelled - Jul 26, 2021

Registration: 11:30 AM / Program: 12:00 PM - 3:56 PM Pacific Time

Fees

Member Fee: $129.00
Nonmember Fee: $159.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

The program will examine critical issues in preparing your clients' Form 1041 U.S. Income Tax Return for Estates and Trusts. Learn where taxable income is determined differently from individuals; filing requirements and deadlines; reporting alternatives for grant or trusts; the calculation and allocation of DNI; and the impact of the new Section 199A 20 percent deduction on trusts, estates, and beneficiaries.

Designed For

Experienced CPAs who work with estates and trusts.

Objectives

Upon completion of this course, you will be able to:

  • Provide a working knowledge of tax rules and guidelines of estates and trust 2018 returns
  • Discuss planning and potential pitfalls

Major Subjects

  • Introduction to Fiduciary Accounting
  • Impact on Required Distributions and the Income Distribution Deduction
  • Distinction between “Income” and “Principal”
  • Uniform Principal and Income Act
  • Trustee’s discretionary power to adjust

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.