Form 1041: Income Taxation of Estates and Trusts

Explore a nuts-and-bolts approach to the complicated interplay of fiduciary and income tax rules for accounting for the income and expenses of estates and trusts. Get invaluable practice from comprehensive case studies and understand the provisions of Subchapter J covering estates, trusts, beneficiaries and decedents. Examine grantor trusts and planning for children under 18 years of age. Cover tax computations, tax-saving tips and much more.

• Apply the concepts of federal income taxation of estates and trusts
• Understand the provisions of Subchapter J covering estates, trusts, beneficiaries and decedents
• Understand grantor trusts and special problems of the Kiddie Tax for children under 18 years of age

Prerequisite: Basic knowledge of federal income taxation

Accepted for PFS credit.