Fiduciary Accounting & Tax Issues of Estates & Trusts

2022-11-01 08:30:002022-11-01 16:15:00 ET

# of CPE Credits



Fiduciary income tax is a complex blend of state accounting rates and the tax law of Subchapter J. Only by understanding this interaction can the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure to be an important skill in practice in the new income tax environment.


Distinguish fiduciary accounting income from taxable income and distributable net income Account for distributions for accounting and tax purposes Identify how the fiduciary income tax return differs from individual income tax Understand state law on principal and income


Review of major legal and tax concepts Concepts of fiduciary accounting: Principal and income The Uniform Principal and Income Act: how specific state laws on principal and income applied to common expenditures and receipts How fiduciary accounting determines the timing and amount of distributions The crucial differences between fiduciary accounting and tax accounting Distinguishing fiduciary accounting income from distributable net income Splitting income between the fiduciary and the beneficiaries: distributable net income How to set up an accounting system for an estate or trust, prepare a judicial accounting, and record-keep for fiduciary accounting How practitioners can handle audits of estates and trusts Various exercises and problems

Who Should Attend

All practitioners who wish to learn about the complex and unique accounting issues for estates and trusts

Required Knowledge


Advanced Prep


Event Speaker(s)

Mr. Don Cochran ( Nichols Patrick CPE, Inc., Hubbard, OH ),

Additional Event Information

Technical Support
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Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Taxes
Level: Basic

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0018022

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$260.00
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