Form 1041 for Estates and Trusts - Part 1

  • Registration Closed

We will discuss which entity income from the assets are to be reported on.  We will be discussing the filing requirements for a Form 1041 and what expenses can be deducted.  We will review the calculation of Distributable Net Income (DNI) and the calculation of what income the beneficiaries will pay tax on and entity will pay tax on.

Learning Objectives

At the end of this course, you will be able to:

  • Identify which entity or person is to report the income
  • What income is Income in Respect of a Decedent
  • When a Form 1041 is required to be filed.
  • What expenses are currently deductible
  • Calculation of Distributable Net Income (DNI) and the Income Distribution Deduction
  • Allocate the DNI to the Schedule K-1s of the beneficiaries

NASBA CE: 2 Hours Federal Tax Law
IRS:  2 Hours Federal Tax Law
CTEC CE:  2 Hours Federal Tax Law

NSA Webinar Program Level: Basic
Prerequisites: None   
Advance Preparation: None   
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.


Ellen Bricoe

Ellen C. Briscoe, EA is the sole member of Briscoe Tax & Fiduciary Services, LLC.  Her practice is devoted to the taxation of individuals, trusts and estates, and assisting fiduciaries in the administration of their estates and trusts. 

Ms. Briscoe has been a tax professional since 1987 and became licensed as an Enrolled Agent in 1989.  In addition to being an Enrolled Agent, Ellen is an Accredited Tax Advisor (ATA) under the Accreditation Council for Accounting & Taxation.  She is also a fellow of the National Tax Practice Institute.

Ms. Briscoe teaches seminars to professionals in topics related to individuals, trusts, and estates.  Her courses include The Decedent's Final 1040, Basic and Advanced courses in Trust and Estate income tax return preparation, and Estate tax return preparation.

Ms. Briscoe is a member of the National Association of Enrolled Agents, the NM Society of Enrolled Agents, the National Society of Accountants, and the National Association of Tax Professionals and its NM affiliate.  

Components visible upon registration.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at