This program examines the critical issues, rules, and special opportunities when preparing your clients’ Form 1041 US Income Tax Return for Estates and Trusts. Learn what is considered taxable income; filing requirements and deadlines; impact of the 3.8 percent Medicare surtax on net investment income; and the 10 principles of tax accounting for trust income.
Upon completion of this course, you will be able to * Apply the most recent tax rules and guidelines when preparting client estates and trusts returns * Apply planning ideas and potential pitfalls.
* Tax rates and brackets * Calculating a trust's AGI * Filing requirements, deadlines, and penalties * 3.8 percent Medicare surtax on net investment income (NII) * Simple vs. complex trusts * Grantor Trusts—Four options to report activity * Fiduciary Accounting and the 10 Principles of tax accounting for trust income * Section 643 (g) Election * Taxable income of trusts, estate, and beneficiaries * Deductions * Distributions
Who Should Attend
Experienced CPAs working with estates and trusts
Basic working knowledge of partnerships and LLCs
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.
If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .
*NCACPA office hours are 9:00 amâ€“5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.
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CPE Select Pass Policies
The CPE Select pass is available only for NCACPA members and the price is applicable for an individual user. The pass includes access to on demand and webinar programs, but excludes webcasts, â€œhot topicâ€ webinars, and on demand Ethics programming. All eligible programs for the CPE Select pass will be marked in the online catalog and in promotions. Licensed CPAs who elect the student membership status must provide proof of enrollment in an advanced degree.
The CPE Select pass grants unlimited access to qualifying webinars and on demand programs on a calendar-year basis.
We anticipate a spike in webinar activity later in the calendar year, and NCACPA is not liable for third-party service outages that may occur. Please plan your CPE before 12/31 to avoid any unforeseen technology issues.
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