1041 Preparation: Understanding the Issues (Currently Unavailable)

Author: Arthur Joseph Werner

Get an overview of the 1041 process, the three questions regarding trusts and Grantor Trust issues. This course is the first 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 preparation

Topics Covered

• Overview of the 1041 process
• Specific issues regarding a decedent's estate
• The "three questions" regarding trusts
• Grantor Trust issues

Learning Objectives

• Understand the preparation of U.S. Income Tax Return for Estates and Trusts (Form 1041)
• Understand the basics of Subchapter J of the Internal Revenue Code

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None