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Form 1041: Everything You Never Wanted to Know (Ondemand)

  • Credits: 4
  • Format: OnDemand® Webinar
  • Field of Study: Federal Tax Law
  • Author/Speaker: Art Werner 
Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01722-21-O | 6233-CE-0446 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© Oct 2020 General Understanding of Taxation Video | Audio | Live Webinar
COURSE DESCRIPTION

Certain entities are created for planning purposes. These entities are separate and apart from individuals or businesses. This course deals with both the planning issues for client needs (estate, financial, and asset protection) as well as the basics of fiduciary income tax compliance

Chapters include:
  • Introduction & Definitions
  • The Basics of Compliance
  • Subchapter J of the internal revenue code
  • Compliance
  • Advanced Issues
Learning Objectives:

After reading the course material, you will be able to:

  • Define Estate for state purposes
  • Define Estate for Federal Purposes
  • Define Probate
  • Define Executor
  • Define Trusts
  • State when to file form 1040
  • State the tax considerations in trusts
  • Identify the 1041 Tax rate schedule
  • Identify the benefits of an §645 Election
  • State the charitable issues
  • Determine the Mechanical calculation of DNI

 

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

 

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC