Courses
Advanced Form 1041 Practice Workshop
Register
-
Member Price:
$300.00
Non-Member Price: $450.00
- Date/Time:
- Dec 17, 2010, 8:30am–4:30pm
- Venue:
- Capitol Plaza Hotel & Conference Center, Montpelier
- Developer:
- Surgent McCoy CPE
- CPE Credits:
- 8 Hours, qualifies for CFP®, CLU ,ChFC, CSEP, CFM and CMA
- Field of Study:
- Taxes
- Level:
- Advanced
- Instructor:
- Robert E. Greenberg, JD, LLM
The use of trusts promises to take on greater significance in a post-tax reform world. Practitioners who understand the basics of Subchapter J and Form 1041 compliance soon encounter complex problems requiring sophisticated applications. This course builds upon our intermediate-level course to concentrate on the most difficult issues in practice. This is an essential offering for the practitioner with high-powered clients.
Major Topics:
· Case studies with completely filled-in forms tracking the flow of tax items and worksheets
· Taking advantage of separate shares and the merged estate
· Alternative minimum tax for trusts and estates (Schedule G)
· Grantor trusts: identification and compliance issues
· Income in respect of a decedent, deductions in respect of a decedent, and the §691(c) deduction: calculation and allocation
· Pension plan distributions to trusts
· Funding pecuniary marital trusts
· Charitable deductions (Schedule A)
· Charitable remainder trusts (Form 5227) and the new ordering rules
· Depreciation problems and special issues of holding rental real estate
· Special problems for a trust or estate holding a partnership interest or S corporation stock (ESBTs and QSSTs)
Learning Objectives:
· Identify items of income in respect of a decedent (IRD) and calculate the §691(c) deduction
· Understand how depreciation and alternative minimum tax applies to estates and trusts
· Prepare Form 1041 and Form 5227 for charitable trusts
· Distinguish grantor and non-grantor trusts
Who Should Attend? CPAs who are heavily involved in Form 1041 preparation
Prerequisites: A course in Form 1041 preparation and experience in preparation
Also qualifies for CFP, CLU, CHFC, CSEP, CFM and CMA credit
