Trust & Estate Mastery Series: Introduction to Trust Taxation (2 hours - late morning) - NEW! - Webcast
Overview
In this session you will learn how the conduit theory works for trusts, differentiate how trusts account for trust accounting income, distributable net income, and taxable income, and how each of these accounting methods affect trust and beneficiary taxation, understand the differences between simple, complex and grantor trusts, and when trusts are required to file tax returns. This course is recommended to take first before the others in the series.
This event is part of the Trust & Estate Mastery Series Bundle. There are 10 courses included in the bundle designed to equip CPAs, tax preparers, and fiduciary professionals with a complete understanding of trust taxation—from the basics to advanced concepts.
Each course is a stand-alone topic. If you miss one in the series, no worries! Purchase individual courses or purchase the Trust & Estate Mastery Series Bundle and save up to $150!
Highlights
- Overview of trust taxation fundamentals
- The conduit theory of taxation for trusts
- Trust accounting income (TAI): definition and application
- Distributable Net Income (DNI): calculation and purpose
- Taxable income of trusts: key distinctions
- How TAI, DNI, and taxable income impact beneficiary taxation
- Income distribution deductions and allocation of income
- Differences between simple, complex, and grantor trusts
- Tax treatment of grantor trusts vs. non-grantor trusts
- Filing requirements for trusts (Form 1041)
- When a trust is required to file a federal income tax return
- Common compliance considerations and reporting issues
Prerequisites
Basic understanding of individual taxation
Designed For
CPAs, tax preparers, and fiduciary professionals who want to understand trust taxation-from the basics of trust structure and document intrepretation to advanced concepts.
This event is part of the following bundles:
Trust & Estate Mastery Series Bundle
Multiple Events Between -
Up to 20.0 Credits
Member Price: $600
This comprehensive Trust & Estate Mastery Series is designed to equip CPAs, tax preparers, and fiduciary professionals with a complete understanding of trust taxation—from the basics of trust structure and document interpretation to advanced concepts like Distributable Net Income, complex trust elections, and the taxation of specialized trusts. Sign-up today and take the first step towards becoming a Trust & Estate expert!There are 10 courses in the bundle. Each course is a stand-alone topic. If you miss one in the series, no worries! Purchase individual courses or purchase the Trust & Estate Mastery Series Bundle and save up to $150!
Leader(s):
Leader Bios
Clinton Bentz, Member, Clint Bentz Consulting LLC
Clint Bentz, CPA, CMA is the founder and managing member of Clint Bentz Consulting, LLC, a family business consulting firm specializing in estate and succession planning for family-owned businesses. Prior to founding Clint Bentz Consulting in 2018, he worked as a corporate controller and planned giving officer, and then spent 30 years working in public accounting as a CPA at Boldt Carlisle + Smith, becoming a Member of the firm in 1999 and leading the firm's trust and estate group. Clint also serves as adjunct faculty for Cannon Financial Institute, teaching courses on advising family business owners on succession, fiduciary income tax, estate, gift and generation skipping transfer taxes, and charitable giving, trusts and foundations. His award-winning "Ties to the Land: Your Family Forest Heritage" succession planning curriculum is published in partnership with the OSU Extension Service and the OSU Austin Family Business Program and has been used in 22 states. As a family forest landowner he and his family were recognized as the 2002 National Outstanding Tree Farmers of the Year by the American Forest Foundation. He is the past chair of the American Forest Foundation and American Tree Farm System and is an OSU Extension Service Master Woodland Manager. He has served on several Oregon Board of Forestry working groups and is a long-standing member and former chair of the OSCPA Forest Products Committee. He helped rewrite Oregon's estate tax statute in 2011 and Oregon's property tax statutes for woodland owners in 2003. He is the chairman of the pastoral council for the Archdiocese of Portland and the music director at Our Lady of Lourdes Catholic Church.
(12-31-25)
Non-Member Price $110.00
Member Price $75.00