Understanding the Basis of Preparing Form 1041

Includes a Live Event on 07/10/2018 at 2:00 PM (EDT)

Trusts and estates are required to file Form 1041 each year. However, the rules around these filings can often be confusing and making a mistake can be costly. We will look at trust and estate rules in order to help learn the basis of preparing Form 1041. We will also look at common mistakes preparers make when preparing Form 1041.

Learning Objectives:

  • Determine the difference between different trusts and estates
  • Determine filing requirements for trusts and estates
  • Learn the basis of preparing Form 1041
  • Understand common mistaken when preparing Form 1041
  • Obtain an understanding of how to spot check more complex issues with Form 1041

Presented by Nicholas Preusch, CPA

IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

NSA ConnectED Webinar Series 
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.

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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: www.learningmaket.org.

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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 www.ctec.com.

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Nicholas Preusch, JD, CPA, LLM, CTRS

Nicholas Preusch is tax manager with PBMares, LLP in Fredericksburg, VA where his main focus is on tax ethics and tax controversy. A former attorney with the IRS Office of Professional Responsibility, he has been published in the Journal of Tax Practice and Procedure, The Tax Adviser, TAXPRO Journal and the Journal of Accountancy and co-authored Tax Preparer Penalties and Circular 230 Enforcement.

Nick has has spoken nationally, mainly for the American Society of Tax Problem Solvers. Topics include: Circular 230, IRS Summons Authority, Statutes of Limitation, FOIA, Claims for Refunds, and analyzing tax returns. He is also an adjunct professor at the University of Mary Washington and has been appointed to the AICPA's Tax Practice Responsibilities Committee for 2016-2017.