The Complete Guide to the Preparation of Form 1041
Tax compliance issues for fiduciary entities are sometimes confusing to practitioners since many lack experience in this area. This course 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).
Recognize the components of the U.S. Income Tax Return for Estates and Trusts (Form 1041).
How to prepare a Form 1041
Specific issues regarding a decedent’s estate
Specific issues regarding a trust
Understanding the basics of Subchapter J of the Internal Revenue Code
How to comply with the “Obamacare” tax compliance issue
Case studies regarding reading an estate document
Understanding of distributable net income (DNI)
Understanding of income in respect of a decedent (IRD)
Professional Area of Focus
CPE Field of Study
Who Should Attend
CPAs, EAs, and attorneys
Loyola University Maryland Graduate Center Columbia Campus