Estate & Trust Income Tax – Form 1041
Estates & Trusts Income Tax – Form 1041 In-depth, NOT boring training showing who estate and trust clients are, what they need, and how to handle their returns accurately and profitably.
At the end of this course, the student will be able to do the following
What you'll learn
- What is an Estate?
- What is a Trust?
- What is Form 1041?
- What information is on tax form 1041?
- How to determine when an estate or trust return is required
- How to enter tax data for an estate or trust into Form 1041
- How to use tax software to prepare an estate or trust tax return
- How to allocate income, deductions, and credits between the estate/trust and beneficiaries
- How to prepare and review Schedule K-1 (Form 1041) for beneficiaries
- Understanding distributable net income (DNI) and its impact on taxation
- Special rules for charitable deductions and tax-exempt income in estates and trusts
- Key differences between estate, trust, and individual taxation
- Additional Course Details
- 4 C.E. Hours: one credit hour is earned for each 50 minutes of class
- Program Name: Estate & Trust Income Tax
- Education Provider: The Tax Curative Institute
- Instructional Delivery Method: Online Group/Internet Based
- Program Knowledge Level: Basic to Intermediate
- Prerequisites: None
- Advance Preparation: None
- IRS-Approved Education Provider: The Tax Curative Institute
- IRS Education Provider Number: LPJUA-T-00020-24-0
- Refund / Cancellation Policy: A full refund is available within four days prior to the start of class. No refunds once the course has been started however we will issue a credit to be used within 6 months.
3-Day Training
October 14th and 16th at 4 PM PST and Saturday, October 18th at 10:00 AM PST