Taxation of Trusts and Understanding Form 1041

This course will go over the differences between trusts and estates, the different types of trusts and how to compute taxable income and related deductions. We will learn terminology, specific to the trusts and estates, who the parties are within this taxing scheme, as well going over the actual form (IRS Form 1041) and the responsibilities of the parties (trustee, fiduciary, the beneficiaries and the tax professionals). We will discuss the Uniform Principal & Income Act, Distributable Net Income, Specific Bequests, and elections specific to trust taxation.
  • Friday, October, 7
  • 1:00pm – 5:00pm ET
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Hours to be Reported

4 Hours CE

Difficulty Level

Initial

Format

Live Webinar

On Demand access for 12 months to the course contents!
And if you are a VIP member, access for the entire duration of your membership.

Included in the course

Slideshows

in PDF format

Participation certificate

By attending the Live Webinar

Access to the private Facebook group

To interact with other tax professionals

Develop your professional tax knowledge with the best Institute in the country.

The Instructor

Jeffrey Schneider

EA, CTRS, ACT-E NTPI Fellow
Jeffrey Schneider is an Enrolled Agent, (EA), a Certified Tax Resolution Specialist, (CTRS), Advanced Crypto Tax Expert, (ACT-E) and an NTPI Fellow. Jeffrey has been in the field of taxation for over 40 years beginning his career in the public sector and transitioned into private practice in 1999 when he founded SFS Tax & Accounting Services. 

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Course content