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Filing the Fiduciary Form 1041 for Estate and Trust Income Tax Issues

Course Price: $109.00
CPE Credits
December 16, 2021
Course Time
10:00 AM
Advanced Preparation
Course Level
Knowledge of Federal Tax Law
Paul La Monaca CPA, MST

Course Description

This course provides the tax professional with the special rules for preparing the Form 1041 fiduciary income tax return. The session also discusses the reporting requirements and the pass-through of tax characteristics from the entity to the beneficiaries. This course will introduce the unique items that are critical for understanding the transactions which impose a tax on the entity vs. the beneficiary (ies).

Learning Objectives

Upon completion of this course attendees will be able to:

* Describe the reporting requirements of income and deductions related to transactions at the entity level and the individual beneficiary level * Answer the questions of when, why and who pays the tax * Discuss the "pass through" entity requirements along with the proper reporting on Schedule K-1 of Form 1041 * Differentiate between the "controlling documents" (Trust/Will) which tell the story of who the participants are and how the income and deductions are reported for those involved * Identify the steps necessary in preparing a proper Form 1041

Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.