Webcast: Form 1041 Advanced Workshop Part 3 of 4
Online registrations are currently closed, please call (602) 324-6847 for additional registration options
Description
One of the basic rules in fiduciary taxation is that the person or entity that receives the taxable income from the trust or estate is taxed on that income. The calculation of distributable net income (DNI) and the distribution deduction determine the amount of this taxable income. Therefore, when distributions are made that "carry out" DNI, the fiduciary entity operates as a conduit where the beneficiaries are taxed on the amounts reflected on the Schedule K-1 and the fiduciary entity receives a corresponding distribution deduction. We will explore the various distributions that are made to beneficiaries and their impact on the taxation of the entity.
Location
ASCPA Live Online Webcast
Phoenix, AZ 85034-6617
Registration Time
8:30am