Form 1041: Income Taxation of Estates & Trusts [ITET Anc]

Full Description

Form 1041: Income Taxation of Estates and Trusts

July 13, 2010
Anchorage, Alaska

$295 AKCPA Member Fee
$370 Non Member Fee
$30 Discount for AICPA Members

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 descendants. Examine grantor trusts and planning for children under 14 years of age. Cover tax computations, tax-saving tips and much more.

Objectives
Upon completion of this course, participants will be able to:
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

Highlights
Nature and taxation of estates and trusts
Tax computations and planning tips
Trust accounting income
Subchapter J
Complex trusts and estates
Grantor trusts
Sale or distribution of assets
Income in respect of decedent

Who Will Benefit
CPAs in public practice or industry and personal financial planners with a basic understanding of federal income tax concepts

Level: Basic

CPE Credit Hours: 8 (Accepted for PFS, CFP, CMA, CFM and EA continuing education credit)

NASBA Field of Study:Taxes

Prerequisite: Basic knowledge of federal income taxation

Acronym: ITET

Discussion Leader: Steven Lustig
Mr. Lustig is the founder of Galapagos Financial Partners, LLC, based in Gaithersburg, Maryland and La Jolla, California, which, for businesses and individuals, specializes in Financial and Tax Planning, Budgeting, Funding Sources and Uses of Funds, Tax Strategies, Management Structure, Finance Department Operations and Human Resource issues.

Mr. Lustig has lectured throughout the United States for the AICPA, ABA, CPA firms, and national and local business organizations and has authored tax material and courses in closely held business areas, estate planning and negotiating with the IRS. Mr. Lustig is the recipient of the AICPA Outstanding Discussion Leader Award in years 2005 - 2008.