Guide to 1041 Preparation of Estates and Trusts
Total Credits: 4.2 including 4.2 Taxes - Technical
- Average Rating:
- 8
- Categories:
- Accounting and Auditing | Industry | Tax
- Faculty:
- Doug Van Der Aa, CPA, JD
- Course Levels:
- Intermediate
- Duration:
- 4 Hours
- License:
Description
The program will examine critical issues in preparing your clients' Form 1041 U.S. Income Tax Return for Estates and Trusts. Learn where taxable income is determined differently from individuals; filing requirements and deadlines; reporting alternatives for grant or trusts; the calculation and allocation of DNI; and the impact of the new Section 199A 20 percent deduction on trusts, estates, and beneficiaries.
Basic Course Information
Learning ObjectivesUpon completion of this course, you will be able to:
- Provide a working knowledge of tax rules and guidelines of estates and trust 2018 returns
- Discuss planning and potential pitfalls
Major Subjects
- Introduction to Fiduciary Accounting
- Impact on Required Distributions and the Income Distribution Deduction
- Distinction between “Income” and “Principal”
- Uniform Principal and Income Act
- Trustee’s discretionary power to adjust
Course Materials
| Important Course Information_Read First (487.5 KB) | Available after Purchase | ||
| Guide to 1041 Preparation for Estates and Trusts Handout (6.1 MB) | Available after Purchase | ||
Faculty
Doug Van Der Aa, CPA, JD Related Seminars and Products
Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.
Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.
Additional Info
Basic Course Information
Advanced PreparationNone
Course Developer
Doug Van Der Aa, CPA, JD
Designed For Experienced CPAs who work with estates and trusts.
Yellow Book
No
Original Recording Date
09/2020
Prerequisites
A basic working knowledge of estates and trusts.
Date Added to Catalog
09/2020
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Course Registration Requirements
Online Registration
Instructional Delivery Method
Group Internet Based
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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