Vermont Society of Certified Public Accountants
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Courses
Fiduciary Income Tax Returns -- Form 1041 Workshop with Filled-in Forms
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-
Member Price:
$0.00
Non-Member Price:
$0.00
- Date/Time:
- Nov 18, 2019, 8:30am–4:30pm
- Venue:
-
Capitol Plaza Hotel (Montpelier, VT 05602)
100 State St.
Montpelier, VT 05602
- Developer:
- Surgent McCoy CPE, LLC
This course is designed for participants to understand the core concepts of trust and estate income tax preparation. The course explains the common terminology and complicated income tax rules of estates and trusts, fiduciary accounting, and an introduction to or refresher on preparing Form 1041. This practical, over 300-page manual is an excellent reference source for your practice, which begins with quite simple cases. Building upon that base throughout the manual, the course ends with two complicated preparation cases, one trust and one estate, each with filled-in forms.
This course qualifies for CFP Credit.
Objective
- Be aware of fiduciary accounting principles
- Calculate Distributable Net Income and the income distribution deduction
- Prepare Form 1041 and Schedule K-1
Designed For
CPAs whose practice includes the preparation of fiduciary income tax returns.
Prerequisite
Experience with the preparation of income tax returns
Advanced Preparation
None