Fiduciary Income Tax Returns: Form 1041 With Filled-in Forms
This course teaches the core concepts of trust and estate income tax preparation. It explains the common terminology and complicated income tax rules of estates and trusts and fiduciary accounting and provides an introduction to, or refresher on, preparing Form 1041. This practical manual is an excellent reference source for your practice and begins with quite simple cases. Building upon that base throughout the manual, the course ends with two complicated preparation cases, one trust and one estate, each with filled-in forms.
Attendees will understand fiduciary accounting principles and be able to calculate distributable net income and the income distribution deduction. Attendees will also be able to prepare Form 1041 and Schedule K-1.