TaxSpeaker 1041's for Trust & Estates, Ocean City, MD

TaxSpeaker 1041's for Trust & Estates, Ocean City, MD
October 27, 2021
08:00 AM - 04:15 PM
Clarion Resort Fontainebleau Hotel Ocean City
7 SPACES LEFT
$305 Members
$365 Non-Members

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 newest estate planning rules under President Biden, the course also discusses administration and accounting in 1041’s and practical planning advice throughout the day.

EVENT OBJECTIVE

Learning Objectives: 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-Live

Number Of Days:
1

Food Included:
Continental Breakfast, Beverages, Lunch

Seminar Number:
2750

Early Cut Off Date:
10/13/2021

Phone:
410-524-3535

Venue:
Clarion Resort Fontainebleau Hotel Ocean City 10100 Coastal Hwy Ocean City , MD 21842

Accommodations:
,
Weekday Rate: $125-$165 (Oct); $79-$119 (Dec)

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

Approved By:
NASBA, IRS, State of Maryland