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Fiduciary Income Tax Returns: Form 1041 Workshop with Filled-In Forms

When
Dec. 11
8:00 a.m. - 4:00 p.m.

Where
Penn State Great Valley - Main Bldg
Malvern - Map it

CPE Credits
8-Tax

Details

 Pricing

PICPA Member: $275 | Nonmember: $375

CLE Credit Add-On: $50


 More Information

Course No.
574601
Level
Intermediate
Prerequisites
Experience preparing income tax returns
Note

CPAs whose practice includes the preparation of fiduciary income tax returns

Description

Understand the complicated income tax rules of estates and trusts, and learn how to prepare Form 1041 and Schedule K-1.

Highlights

  • Receipts between "Income" and "Corpus" under the Uniform Principle and Income Act
  • Calculation of DNI using three different methods
  • W-2 preparation and procedures in the year of death
  • Forgetful fiduciaries of simple trusts
  • Overview of Subchapter I
  • Specific deductions and miscellaneous itemized deductions
  • Income in respect of decedent
  • Capital gains and losses
  • Allocating tax items to beneficiaries


Speaker(s)

Satinsky, CPA, J.D., LL.M., AEP, Martin J.

 
Martin J. Satinsky has been providing tax and financial planning services to individuals and businesses for over 40 years. He has co-authored seven books on income and estate taxes and personal financial planning, including the popular “Tools and Techniques of Financial Planning.” He has conducted numerous seminars on tax, estate planning, and financial planning topics, including many presentations on life insurance issues. Mr. Satinsky has worked with regional and international accounting firms, including seven years as a tax partner with Coopers & Lybrand. He was a partner in the accounting firm of Smart and Associates, LLP, specializing in tax consulting for high net worth individuals and closely-held businesses. As director of professional development, he was also responsible for the firm’s training and continuing professional education (CPE) program through Smart University. He was also a founding shareholder of Second Opinion Financial Services, Inc. (SOFS), a company with a focus on educating professionals on the use and mechanics of life insurance. In 2006 Mr. Satinsky was honored by the National Association of Estate Planners and Councils (NAEPC) as a Distinguished Estate Planner. Mr. Satinsky is a graduate of the Pennsylvania State University and the Law School of the University of Pennsylvania. He received his Master of Law degree in Taxation from Temple University Law School.


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