January 25, 2022 11:00am – 12:50pm Map & Directions 602-252-4144

Webcast: Form 1041 Advanced Workshop Part 4 of 4

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

Description

This final segment of the Form 1041 Workshop addresses the special income tax issues that arise on the death of the grantor or the first spouse. The once docile revocable living trust that was ignored for income tax purposes now comes to life and requires attention. Trust administration is just as rigorous as probate administration, if not more rigorous. We will review the importance of an approach to Trust Administration and two important income tax tools.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

10:30am

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 the depth and scope of Trust Administration
  • Analyze the Importance of an Approach to the many Duties & Responsibilities
  • Analyze the Administrative Trust
  • Review the IRC Sec. 645 Election
  • Understanding the Concept if IRD (Income in Respect of a Decedent)

Course Level

Intermediate

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

Tax practitioners, accountants and financial professionals.

Prerequisites

Form 1041 Advanced Workshop Part 3.

Highlights

  • The Expansive Nature of Trust Administration
  • When an Administrative Trust is Necessary & the Advantages
  • Who is the Trustee of an Administrative Trust and is it Simple or Complex?
  • Making the Sec. 645 Election & the Advantages
  • Choosing a Fiscal Year for the Administrative Trust
  • Understanding the Duration of the Sec. 645 Election
  • Recognizing IRD and its Impact on Form 1041 or 1040

Notes

Manager/Senior Manager; Director; Executive/VP; Sole Practitioner

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