Gear Up Estates and Trusts ***MEMBERS ONLY***, Webinar

Gear Up Estates and Trusts ***MEMBERS ONLY***, Webinar
January 01, 1970
12:00 AM
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$0 Members
$0 Non-Members


Gear-Up’s estates and trusts course has been completely revamped. With the estate tax exemption so high now, there will be fewer Forms 706 filed. However, almost every client in our practice will require a Form 1041 at death. So, this year the emphasis is on that funny little tax return that no one wants to prepare. We will de-mystify Form 1041. Areas covered will be general probate and trust terminology, decedent’s final tax return and fiduciary accounting (principal vs. income). Form 1041 will be addressed in detail including, deductions, rental income, basis and capital gain issues as well income distribution deduction. Also covered will be 645 elections, terminations, and the impact of TCJA.

**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 Gear Up event, the cost is $50. Please call the MSATP office at (800) 922-9672 for more details. Thank you.**


After taking this course you will know what deductions survived the TCJA and how to treat miscellaneous deductions on termination. You will recognize income in respect of a decedent and know how to handle it on the return. You will be familiar with Schedule B and know the difference in treatment of simple trusts vs. complex trusts in relationship to the income distribution deduction. You will also know how to apply fix-its when things go wrong and assist your clients who, although serve as fiduciaries, don’t always know what to do and when to do it. After this seminar you will be familiar with proper fiduciary nomenclature. You will understand the purposes of Form 1041 and be comfortable with the concept of “what is a trust?” You will also understand the differences between the various types of trusts. You will know the recent developments in estate and trust taxation and the history of the estate tax. You will be able to take what you learn here back to the office and know just what to do when a client calls and says that there was a death in the family or that they finally got their revocable living trust.


Gear Up

Number of Hours:
8 (Recommended)

Knowledge of Estates and Trusts

Program Level:

Knowledge Level:

Delivery Method:
Group Internet Based

Number Of Days:

Food Included:

Seminar Number:

Early Cut Off Date:




Recommended For:
CPA (8), EA (8), CFP (8), Maryland Preparer (8), ASFP (8)

Approved By:
NASBA, IRS, CFP Board, State of Maryland