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.

This course has the tax laws applicable to the 2022 filing season, and it will be of great help to improve your tax learning. As soon as the tax season ends, the course contents will be updated with the IRS regulations for 2023. After that time, you will be able to access the live webinars or take the corresponding exams to obtain the continuing education hours with the IRS.

  • Friday, October, 7
  • 1:00pm – 5:00pm ET
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Hours to be Reported

0 Hours CE

Difficulty Level



On Demand Webinar

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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

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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