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The Preparation of Form 1041 - Primer on Subchapter J (ACPFPS13)

 
Date:Friday, December 8, 2017
Time:9:00 AM - 10:40AM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: Arthur J. Werner
Vendor:ACPEN
Course Level:Update
Early Bird Price:$79.00 FICPA Members, $109.00 Non-Members

Description:

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 (From 1041). 

 

  • Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.



    Objectives:

  • Recognize the basics of Subchapter J of the Internal Revenue Code

  • Identify what constitutes taxable income

  • Identify what constitutes taxable deductions

  • Identify what constitutes fiduciary income

  • Identify what constitutes fiduciary deductions

  • Differentiate taxable income from accounting income



    Major Topics:

  • Preparing Form 1041

  • Specific issues regarding a decedent’s estate

  • Specific issues regarding a trust

  • Subchapter J of the Internal Revenue Code

  • “Obamacare” tax compliance issue

  • Case studies regarding reading an estate document

  • Distributable net income (DNI)

  • Income in respect of a decedent (IRD)

  • Line-by- line instruction



    Who Should Attend:
    CPAs, EAs, and attorneys

    Prerequisite:
    None

    Advanced Preparation:
    None

    Session/Options

    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.