The Complete Guide to the Preparation of Form 1041

Overview

You could pay $0 for this course!

Tax compliance issues for fiduciary entities are sometimes confusing to practitioners since many lack experience in this area. This course provides the practitioner with a practical understanding of the issues involved in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-11330. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

How to prepare a Form 1041

Specific issues regarding a decedent's estate

Specific issues regarding a trust

Understanding the basics of Subchapter J of the Internal Revenue Code

How to comply with the tax compliance issue

Case studies regarding reading an estate document

Understanding of distributable net income (DNI)

Understanding of income in respect of a decedent (IRD)

Line-by-line instruction

Designed For

CPAs and attorneys

Objectives

At the end of this course, you will be able to:

Recognize the components of the U.S. Income Tax Return for Estates and Trusts (Form 1041).

Leader(s):

Arthur Werner, Werner-Rocca Seminars, LTD

Leader Bios

Arthur Werner, Werner-Rocca Seminars, LTD

Art is currently a shareholder in the lecture firm of Werner-Rocca Seminars, LTD. His areas of expertise include business, tax, financial, and estate planning for high net worth individuals. In addition, Art is an adjunct professor of taxation in the Master of Science in Taxation program at Philadelphia University. He received his Bachelor of Science in Accounting and his Master of Science in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School and is a member of the Pennsylvania Bar. Art lectures extensively to certified public accountants, enrolled agents, insurance agents, and financial planners in the areas of estate planning, financial planning, and estate and gift taxation. He has presented well in excess of 1,500 seminars over the past fifteen years. Art has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of CPAs, awarded the AICPA Outstanding Discussion Leader Award in Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

Return to Top