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Friday, November 14, 2025 Live Webcast

Fiduciary Accounting and Tax Issues of Estates and Trusts (E2511081)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

4 CPE Credits in AA
4 CPE Credits in TX

OVERVIEW

Fiduciary income tax is a complex blend of state accounting rates and the tax law of Subchapter J. Only by understanding this interaction can the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure to be an important skill in practice in the new income tax environment.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

All practitioners who wish to learn about the complex and unique accounting issues for estates and trusts

BENEFITS

  • Distinguish fiduciary accounting income from taxable income and distributable net income
  • Account for distributions for accounting and tax purposes
  • Identify how the fiduciary income tax return differs from individual income tax
  • Understand state law on principal and income

HIGHLIGHTS

  • Review of major legal and tax concepts
  • Concepts of fiduciary accounting: principal and income
  • The Uniform Principal and Income Act: how specific state laws on principal and income apply to common expenditures and receipts
  • How fiduciary accounting determines the timing and amount of distributions
  • The crucial differences between fiduciary accounting and tax accounting
  • Distinguishing fiduciary accounting income from distributable net income
  • Splitting income between the fiduciary and the beneficiaries: distributable net income
  • How to set up an accounting system for an estate or trust, prepare a judicial accounting, and record-keep for fiduciary accounting
  • How practitioners can handle audits of estates and trusts
  • Various exercises and problems

TAKE THEIR WORD FOR IT…

Past attendees say:
  • Very good and useful presentation.
  • Presentation was very informative and provided useful and practical guidelines.

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Don Cochran

Don Paul Cochran, CPA, J.D., CFP, CRC
(4.6)

Read bio

PRICING

$299.00 - Member

$449.00 - Nonmember

Register Today


Note: Online pre-registration will close on November 14 at 8:30 AM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent

AREAS OF INTEREST

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