TaxSpeaker 1041's for Trusts & Estates, Webinar

TaxSpeaker 1041's for Trusts & Estates, Webinar
January 01, 1970
12:00 AM
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EVENT DESCRIPTION

This course is written and taught by practicing CPA and national trust and estate tax expert
Bill Leonard CPA from the point of view of actual practitioners. Beginning with a discussion
of when returns are required, we guide participants through the 1041 preparation maze
while providing hands-on guidance from real, expert practitioners regarding types of trusts,
return preparation, compliance, allocations and distributions. Updated for the TCJA and
the latest rules in 2020, the course also discusses administration and accounting in 1041’s
and practical planning advice throughout the day.

**Due to the reduced pricing of the webinars, all manuals will be delivered electronically. If you would like a hard copy of the manual for a TaxSpeaker event, the cost is $50. Please call the MSATP office at (800) 922-9672 for more details. Thank you.**

EVENT OBJECTIVE

Upon completion of this course you will be able to:
1. Define estate
2. Identify the duties of the fiduciary
3. Identify the characteristics of QSSTs
4. Determine what qualifies as a grantor trust
5. Identify the qualities of estates and trusts
6. Identify the purpose of the probate court
7. Identify the purpose of the Income Distribution Deduction
8. Determine how to compute amortization allowances
9. Define short tax year
10. Determine what qualifies as IRD
11. Identify the options for IRAs inherited by a spouse
12. Define distributions in kind
13. Define discretionary income distributions
14. Define Irrevocable Living Trusts
15. Determine the advantages of Revocable Living Trusts

EVENT DETAILS

Company:
TaxSpeaker

Number of Hours:
8 (Recommended)

Prerequisite:
Knowledge of Estates and Trusts

Program Level:
Update

Knowledge Level:
Intermediate

Delivery Method:
Group Internet Based

Number Of Days:

Food Included:

Seminar Number:

Early Cut Off Date:
01/01/1970

Phone:

Venue:
,

Accommodations:
,

Recommended For:
CPA (8), EA (8), CFP (8)

Approved By:
NASBA, IRS, Certified Financial Planning Board