CPATrainingCenter.com offers CPA exams, accounting degree training, CPE, and professional development for accountants and CPAs
Course/Product Description
Title:

Form 1041: Estate and Trust Tax Reporting

SKU:WC-1013379
Date / Time: Recorded
Format: Webinar
Order:Qty:
Description:

Form 1041: Estate and Trust Tax Reporting

This webinar will improve return preparers' familiarity with preparing Form 1041, such as calculating distributable net income, allocating income between the trust and beneficiaries, and understanding reporting rules for revocable and irrevocable trusts.

Course Description

With increased use of trusts for wealth transfer and the heightened risk of an IRS estate return audit, tax return preparers must be thoroughly familiar with completing Form 1041. The Supreme Court's rejection of DOMA creates new estate tax planning options for same sex couples that can be included on 2013 returns.

Other complex tax questions to consider and resolve include allocating income between the trust and beneficiaries, calculating distributable net income, computing the income distribution deduction, understanding reporting rules for different trusts rules and limitations for deductions, selecting a year end, and avoiding common pitfalls.

Listen as our experienced panel reviews the rules and offers guidance for tax return preparers for completing Form 1041, including important issues such as calculation of distributable net income and allocation of income between trust and beneficiaries.

Agenda

  • Preparing Form 1041
  • Taxable income
  • Calculating distributable net income
  • Allocating income between trust and beneficiaries
  • Deductions
  • Selecting a year end
  • Reporting rules

Benefits

The panel will review these and other key questions:

  • What complexities should tax preparers be cognizant of when allocating income between a trust and beneficiaries?
  • What issues should be considered when calculating distributable net income?
  • What common mistakes should tax preparers avoid when preparing Form 1041?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will have a deeper understanding of the rules affecting the completion of Form 1041, estate and gift tax returns.

Faculty

Robert E. Barnhill, III, Atty, CPA/PFS, CFP
Robert E. Barnhill, Atty at Law, Lubbock, Texas
Mr. Barnhill's practice focuses on wealth accumulation and compensation planning. He presents and authors on Form 1041 and other subjects, including comprehensive estate plans, family limited partnerships, and irrevocable life insurance trusts. He consults, prepares and implements a variety of wealth accumulation and transfer plans.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Strafford Publications, 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.

Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.

Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone.
More Info: Contact Us For More Information
Order:Qty:
Share This: Share on Facebook


Share on Twitter


Share on Google+


Keywords For This Course:

estate and trust tax, reporting, IRS, risk, income, deductions, reporting rules, Calculating DNI, tax preparers

Sales &Use Tax Workshop
Sales &Use Tax Workshop

Inpats &Expats: Payroll Compliance Tips
Inpats &Expats: Payroll Compliance Tips

1040 Training
1040 Training

Comprehensive Income Tax Course with Career Package
Comprehensive Income Tax Course with Career Package

Certified Tax Specialist  (CTS™)
Certified Tax Specialist (CTS™)

The Controller′s Workshop
The Controller′s Workshop

Project Management Workshop
Project Management Workshop

Retirement Plan Training Courses
Retirement Plan Training Courses

Series 6 - Live &OnDemand Online Course
Series 6 - Live &OnDemand Online Course

Peachtree Seminars
Peachtree Seminars

Fundamentals Of Internal Auditing
Fundamentals Of Internal Auditing

Advanced Auditing For In-Charge Auditors
Advanced Auditing For In-Charge Auditors

How To Do A Payroll Audit - Former Auditor′s Expert Advice
How To Do A Payroll Audit - Former Auditor′s Expert Advice

Certified Payroll Administrator
Certified Payroll Administrator

Multi-State Payroll Tax Compliance
Multi-State Payroll Tax Compliance

Guidelines For Taxing Gifts, Awards, &Other Fringe Benefits
Guidelines For Taxing Gifts, Awards, &Other Fringe Benefits

Google+CPATrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9941 | support@CPATrainingCenter.com
Copyright CPATrainingCenter.com 2017 | Web Site Development by OTAU
Facebook