Form 1041 Everything You Never Wanted to Know (audio)

  • Credits: 4
  • Format: Self-Study Audio
  • Field of Study: Federal Tax Law
  • Author/Speaker: Art Werner
Available Formats:      
Advanced Preparation: None
Experience Level: Basic
Program Prerequisites: General Understanding of Taxation
Course ID: EWTFM-T-01874-22-S | 6233-CE-0590 | WR-352.22-SA
Published Date: April 2022*

Certain entities are created for planning purposes. These entities are separate and apart from individuals or businesses. This course deals with both the planning issues for client needs (estate, financial, and asset protection) as well as the basics of fiduciary income tax compliance.

Chapters include:
  • Introduction & Definitions
  • The Basics of Compliance
  • Subchapter J of the internal revenue code
  • Compliance
  • Advanced Issues
Learning Objectives:

After reading the course material, you will be able to:

  • Define Estate for state purposes
  • Define Estate for Federal Purposes
  • Define Probate
  • Define Executor
  • Define Trusts
  • State when to file form 1040
  • State the tax considerations in trusts
  • Identify the 1041 Tax rate schedule
  • Identify the benefits of an ยง645 Election
  • State the charitable issues
  • Determine the Mechanical calculation of DNI

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: