September 1, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Estate & Trust Primer - Tax Staff Essentials (8-11:30)

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

Description

Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. This CPE course will help you to understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare federal Form 1041 and the accompanying schedules.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Taxation
4

Objectives

  • Apply the concepts of federal income taxation of estates and trusts.
  • Calculate the gross income of trusts and estates.
  • Identify which deductions and credits are allowed for estates and trusts.
  • Recognize distributable net income and understand its significance.

Course Level

Intermediate

Vendor

AICPA More With This Vendor

Designed For

CPAs, enrolled agents, and financial planners with basic knowledge of federal income tax concepts, and an interest in Income Taxation of Estates and Trusts and preparing Form 1041.

Prerequisites

None.

Event Leaders

Peterson, David E.

Rating: 4.75


David Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. Peters has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. Peters was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years.

Currently, Peters is a National Instructor for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. Peters holds four masters degrees, and is pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. Peters was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA's licensed in the Commonwealth of Virginia.


More With Peterson, David E.

Highlights

  • How trusts and estates are taxed under the internal revenue code
  • What is a trust, a simple trust and a complex trust
  • How the income of a trust or estate is defined for tax purposes.
  • What the ordinary deductions are and what credits are allowed.
  • How the deduction for distributions to beneficiaries are determined.
  • How trust and estate beneficiaries are taxed.
  • What a "grantor trust" is and how it is taxed.
  • How Form 1041 is prepared.

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