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.
**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.
DESIGNED FOR
Experienced CPAs working with estates and trusts
BENEFITS
- Apply the most recent tax rules and guidelines when preparting client estates and trusts returns
- Identify planning ideas and potential pitfalls
HIGHLIGHTS
- Current rates and brackets
- Calculating a trust's AGI
- 3.8% Medicare surtax on net investment income (NII)
- Simple vs. complex trusts
- Grantor Trusts: Four options to report activity
ADDITIONAL NOTES
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