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Event Information

Form 1041 Workshop Webcast | 4201979A
Date: August 28, 2020
Event Start time: 6:30 AM   End time: 2:00 PM
Location: Webcast

Facility: Webcast Event


Member:       $289
Nonmember: $389

CPE Credits:

8.00 CFP: Certified Financial Planner Technical
8.00 CPE: Continuing Professional Education Technical
8.00 IRS-TX: IRS Federal Tax Update Technical
6.50 MCLE LS-EP: Legal Specialization-Estate Planning Technical
6.50 MCLE: MCLE Technical
1.00 AA: Auditing & Accounting


Successfully navigating Form 1041 can be a challenge for the most seasoned practitioners. Review advanced issues that arise in fiduciary accounting and taxation. Favorable planning opportunities to minimize taxes.

A focus on new legislation (Sec. 67(g) and Sec. 199A) and the impact on Form 1041 is reflected on the tax forms. Special situations involving fiduciary accounting for flow-through entities. Issues that arise upon the death of the grantor or first spouse. Additionally, a review and analysis of issues affecting California Form 541.



  • Identify the basic concepts of fiduciary taxation.
  • Recognize the impact of the Medicare surtax and the latest legislation on fiduciary tax rates and brackets with emphasis on Form 1041 forms.
  • 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 Subjects:
  • Impact of fiduciary taxation law, tax rates and the Medicare surtax
  • Changes made by 2017 Tax Act
  • 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

Level of Difficulty:

Field of Interest:


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


Designed For:

CPAs, trustees, attorneys and advisers.


Advanced Prep:



Event Notes:
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