Preparation of Form 1041: Part 3 Line by Line

Course Description:

Tax compliance issues for fiduciary entities are sometimes confusing to practitioners
due to the fact that many lack experience in this area. This course (part 3 of a 3-part program) 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).

OBJECTIVE:
To provide an overview and guide to preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).

HIGHLIGHTS:
▪ Overview of the issues
▪ Specific issues regarding an Estate
▪ Specific issues regarding a trust
▪ Understanding the basics of Subchapter J of the Internal Revenue Code
▪ Understanding of distributable net income (DNI)
▪ Understanding of income in respect of a decedent (IRD)