Mobile Edition

Form 1041 Workshop (4171979D)

Date:Wednesday, December 13, 2017
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Technical Business
Instructor: Jacqueline A. Patterson, JD, CPA, MBT
Vendor:California CPA Education Foundation
Course Level:Intermediate
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members


Successfully navigating Form 1041 can be a challenge for even the most seasoned practitioners. Review more advanced issues that arise in fiduciary accounting and taxation, as well as the favorable planning opportunities that are available to minimize taxes. Focus on how new legislation has impacted Form 1041; special situations involving fiduciary accounting for flow-through entities; and issues that arise upon the death of the grantor or first spouse. Additionally, the class will review and analyze California Form 541 issues.

  • Identify the basic concepts of fiduciary taxation.
  • Recognize the impact of the Medicare surtax and the latest legislation on fiduciary tax rates and brackets.
  • Determine special issues involved with fiduciary accounting that involve distributions from flow-through entities, the power to adjust and other special elections that impact fiduicary accounting income.
  • Analyze issues involving distributions, the distribution deduction and special issues involving capital gains and in-kind distributions.
  • Determine and analyze the issues and elections that arise upon the death of the grantor or first spouse.
  • Review California fiduciary taxation and differences with Federal law.

Major Topics:
  • Impact of fiduciary taxation law, tax rates and the Medicare surtax
  • The tax cost of accumulating taxable income in a estate or non-grantor trust
  • Fiduciary accounting issues that impact distributions from entities or trustee's power to adjust
  • Distribution deduction and planning strategies
  • Death of grantor or first spouse, and related reporting and planning issues
  • California Form 541 issues and updates

Who Should Attend:

CPAs, trustees, attorneys and other advisers who are involved with fiduciary entities.

An understanding of the basics of Form 1041, fiduciary accounting and taxation.

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.