Form 1041 for Estates and Trusts - Part 2
- Registration Closed
Review an example of a Form 1041 for an estate.
We will discuss the differences between a grantor trust, a simple trust and a complex trust. We will review the Section 645 election to tax a trust as an estate or with an estate. We will calculate Fiduciary Accounting Income. We will look at common ways trusts are used to carry out an individual’s estate plan.
Learning Objectives
At the end of this course, you will be able to:
- Determine the type of trust
- Describe the benefits of the Section 645 Election
- Calculate the Fiduciary Accounting Income
- Define how common trusts are used in an estate plan
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.
