OnDemand

Pitfalls and Perils in the Preparation of Income Tax Returns for Estates and Trusts (Form 1041)

Price: $224 OnDemand

FULFILL ALL YOUR CONTINUING EDUCATION CREDITS FOR $399

Sign up today for an entire year of unlimited access to relevant, timely professional learning courses, including webinars, eLearning courses and OnDemand offerings, and keep your professional credits up to date. All for just $399.

Learn more about the subscription!

SUBSCRIBE NOW

DESCRIPTION

This webinar will review common issues accountants and attorneys confront when preparing federal fiduciary income tax returns.

Topics covered will include the treatment of items on final income tax returns of decedents and initial estate returns, simple versus complex trusts, and DNI determination.

In addition, the speaker will address some of the special problems unique to the preparation of Form 1041 and help attendees to understand certain elections available to estates and trusts to minimize their taxable income.

Educational Objectives:
• Special elections under IRC Sections 663 and 643(e)(3)
• Skip persons
• Separate share rule
• Treatment of losses
• Allocating administrative expenses to different categories of income
• Identify opportunities to reduce the tax upon estates, trusts, and their beneficiaries
• Explain to clients the common issues confronted in preparing Form 1041
• Address some of the special problems unique to the preparation of Form 1041
• Understand certain elections available to estates and trusts to minimize their taxable income

Who would benefit most from attending this program?
Accountants and Tax Professionals.

SPEAKERS

DONALD WILLIAMSON, PROFESSOR, DEPARTMENT OF ACCOUNTING AND TAXATION, KOGOD SCHOOL OF BUSINESS, AMERICAN UNIVERSITY

Professor Donald Williamson teaches a number of subjects related to taxation, is director of the Masters of Science in Taxation degree program, and serves as executive director of the Kogod Tax Center.

He has also served as Adjunct Professor of Law at American University's Washington College of Law. Professor Williamson previously served as senior manager for international taxation at the National Tax Practice Office of KPMG in Washington, D.C., and as Professor-in-Residence at KPMG's Washington office. A certified public accountant, Williamson is a frequent lecturer to professional groups throughout the United States, and has held teaching appointments in Europe and China. He has published over 50 articles in professional and academic journals and was recognized by the Bureau of National Affairs as its outstanding author for 2007.