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Event Information

Form 1041: Down to the Basics Webcast | 4201495B
Date: August 26, 2020
Event Start time: 8:30 AM   End time: 4:00 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
7.00 CTEC-TX: CTEC - Federal Tax Law Hours Technical
7.00 IRS-TX: IRS Federal Tax Update Technical
6.50 MCLE: MCLE Technical
1.00 AA: Auditing & Accounting


 

Review the fundamentals of the fiduciary entity, fiduciary accounting and taxation. From inception to completion, practitioners analyze Form 1041, using a spreadsheet to track necessary calculations for accurate preparation.

A review of recent tax law changes that impact Form 1041. Tools and schematics to navigate problem situations. Increased comprehension to review a Form 1041 submitted by another practitioner.

 

 

Objectives:
 
  • Identify the basic components of a fiduciary entity.
  • Review the state and federal laws that drive a fiduciary entity.
  • Recognize the relationship among the different authorities that impact accounting and tax treatments.
  • Determine tax law changes that impact Form 1041 and analyze Form 1041 from inception to completion.
  • Identify how to review a Form 1041 submitted by another practitioner.
 

Major Subjects:
 
  • Introduction to the fiduciary entity
  • Fiduciary accounting fundamentals
  • Subchapter J, DNI and the Distribution Deduction
  • Simple and complex trusts
  • Alternative Minimum Tax (AMT) for fiduciary entities
  • Form 1041 updates
  • Special problem situations
 

Level of Difficulty:
Basic

Field of Interest:
Taxes

Prerequisites:
 

None.

 

Designed For:
 

Tax practitioners, accountants and financial professionals.

 

Advanced Prep:
 

None.

 

Event Notes:

This course will adjourn at 4 p.m.

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