Gear Up Estates and Trusts WEBINAR

Gear Up Estates and Trusts WEBINAR
October 18, 2023
08:00 AM - 04:15 PM
$200 Members
$450 Non-Members


This course addresses the fiduciary income tax return-Form 1041. Coverage includes essential terminology of decedent’s estates as well as the probate process. Trusts (simple vs. complex, revocable vs. irrevocable and inter vivos vs. testamentary) are explained in detail with particular emphasis on the essence of the trust concept. This will help mitigate the angst that often plagues the tax preparer when working with trusts. Also included is an introduction to fiduciary accounting (principle vs. income). New this year is a detailed discussion of community property as 25% of the U.S. population live in community property states. Recent developments in estate tax are covered in the “What’s New” chapter. The mysteries of “income in respect of a decedent” are plumbed. Also, particular attention is focused on the income distribution deduction as Form 1041 is the only place in the world of tax where this notion is found. This course includes a detailed walk-through of Schedule B. All this as well as specialized topics such as Tier 1 and 2 distributions, the separate share rule, stale trusts, terminations and special needs trusts.

PLEASE NOTE: Physical manuals are ONLY available to attendees of LIVE SEMINARS; webinar attendees will receive an electronic manual, no exceptions.


After this seminar you will be familiar with proper fiduciary terminology. 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 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. By the end of this seminar, you will also be able to prepare Form 1041 more confidently. 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. Your knowledge of fiduciary accounting will help you to prepare estate or trust accountings. You will have the tools to use 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.


Gear Up

Number of Hours:
8 (Recommended)

Knowledge of Tax Law Regulations

Program Level:

Knowledge Level:

Delivery Method:
Group Internet Based

Number Of Days:

Food Included:

Seminar Number:

Early Cut Off Date:


Online Group Internet Based ,


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

Approved By: