CPE Course Surgent's Successfully Completing an Income Tax Return for a Trust or Estate -- Form 1041

December 6, 2021

1:00 PM — 3:00 PM

Location Webinar

Member Price $89.00
Non-member Price $119.00

Curriculum Taxation

Field of Interest

Level Advanced

Designed For

Any tax practitioner who wishes to understand how to assist clients with filing a federal gift tax return

2.00 credits

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  • Understand how to file a basic income tax return for an estate or trust – form 1041


    • Passive activity rules for trusts including the NIIT
    • The different types of trusts for income tax purposes (e.g. simple, complex, grantor, charitable)
    • The critical categorization of income (taxable income vs. fiduciary accounting income)
    • Distributable net income (DNI) and how it works
    • The “Tier” Rules
    • The Separate Share Rule
    • IRC 663(b) “65-Day” Rule
    • IRC §691(c) Deduction
    • QSST and EBST elections
    • How to treat excess deductions on termination
    • Grantor trust rules and how they impact planning and return preparation
    • The income tax side of Domestic Asset Protection Trusts



    Intermediate understanding of federal income tax


    Surgent McCoy CPE, LLC

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