Overview:
This course is designed as a comprehensive guide to the core concepts of trust and estate income tax preparation. The course explains the common terminology and complicated income tax rules of estates and trusts, fiduciary accounting, and an introduction to or refresher on preparing Form 1041. This practical, over 300-page manual is an excellent reference source for your practice, which begins with quite simple cases. Building upon that base throughout the manual, the course ends with two complicated preparation cases, one trust and one estate, each with filled-in forms.
Objectives:
Understand strategies and techniques to use in light of tax changes
Major Topics:
Schedules K-2 and K-3 reporting requirements and transitional filing relief
Major Topics:
Schedules K-2 and K-3 reporting requirements and transitional filing relief
Designed For:
Accounting and Financial Professionals whose practice includes the preparation of fiduciary income tax returns
Prerequisites:
Experience with the preparation of income tax returns