1041 Preparation: Line by Line Explanation (Currently Unavailable)

Author: Arthur Joseph Werner

Learn to prepare U.S. Income Tax Return for Estates and Trusts (Form 1041) including how to answer the "nine questions." This course is the third of three parts of the 1041 Series covering issues involved in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).

Publication Date: February 2014

Designed For
CPAs, EAs and attorneys who need to understand Form 1041

Topics Covered

• The "Nine Questions" and how to answer them
• Income lines
• Deduction lines
• Schedule A -- charitable deductions
• Schedule B -- income distribution deduction
• Other schedules
• Tax computation
• Schedule K and Schedule K-1

Learning Objectives

• Understand preparation of the U.S. Income Tax Return for Estates and Trusts (Form 1041)
• Understand the "information" section

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None