November 1, 2021 8:00am – 9:50am Map & Directions 602-252-4144

Webcast: Fiduciary Taxation: Back to Basics-Part 1 of 4

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

Form 1041 is considered a complicated return by many practitioners and the complexities have increased with legislation enacted in 2012 and 2017. This stems from the fact that there is terminology specific only to fiduciary entities, special accounting rules that fall somewhere between book and tax, and odd calculations such as "distributable net income" and "deductible DNI." In this series of webcasts and through a series of schematics and spreadsheets, some of the mystery will be removed from the workings of fiduciary taxation and replaced with an understanding of the structure and consistency that underlies this interesting little entity that has been around since the Crusades and has a long history of use and effectiveness.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Taxation
2

Objectives

  • Review Typical Fiduciary Entities
  • Determine the Fiduciary Accounting & Taxation of the Entity
  • Recognize the difference between Fiduciary Accounting & Taxation

Course Level

Beginning

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

Tax practitioners, accountants and financial professionals.

Prerequisites

None.

Highlights

  • Introduction to the Different Fiduciary Entities
  • Fiduciary Tax Rates and Brackets
  • The Medicare Surtax as it pertains to Fiduciary Entities
  • Introduction to Subchapter J
  • 5 Basic rules & Steps to Calculating the Income Taxation of Trusts & Estates
  • Creating a Tax Spreadsheet
  • Fiduciary Duty and the Duty to Account
  • Introduction to Fiduciary Accounting

Notes

Entry-level/Individual contributor; Manager/Senior Manager; Sole Practitioner

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