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Monday, October 21, 2019 Webcast

Successfully Completing an Income Tax Return for a Trust or Estate -- Form 1041  (X1-FM41-2019-01-WEBNR-294-01)

1:00 PM - 3:00 PM EDT
webcast

Webcast

2.0 CPE Credits in TX

OVERVIEW

Some of your clients have estate plans that provide for testamentary trusts. Other clients make gifts to irrevocable trusts during their lifetime. And some will die with probate estates.

DESIGNED FOR

Any tax practitioner who wishes to understand how to assist clients with filing a federal gift tax return.

BENEFITS

  • Understand how to file a basic income tax return for an estate or trust – form 1041

HIGHLIGHTS

  • Passive activity rules for trusts including the NIIT
  • The different types of trusts for income tax purposes (e.g. simple, complex, grantor, charitable)
  • The critical categorization of income (taxable income vs. fiduciary accounting income)
  • Distributable net income (DNI) and how it works
  • The “Tier” Rules
  • The Separate Share Rule
  • IRC 663(b) “65-Day” Rule
  • IRC §691(c) Deduction
  • QSST and EBST elections
  • How to treat excess deductions on termination
  • Grantor trust rules and how they impact planning and return preparation
  • The income tax side of Domestic Asset Protection Trusts

COURSE LEVEL

Advanced

PREREQUISITES

Intermediate understanding of federal income tax.

ADVANCE PREPARATION

None

INSTRUCTOR

Bob Keebler

Bob Keebler

Robert S. Keebler is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation.

PRICING

$89.00 - Member

$89.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

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COURSE DEVELOPER

Surgent

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