Form 1041: Down to the Basics Webinar

• Identify the basic components of a fiduciary entity.
• Review the state and federal laws that drive a fiduciary entity.
• Recognize the relationship among the different authorities that impact accounting and tax treatments.
• Determine tax law changes that impact Form 1041 and analyze Form 1041 from inception to completion.
• Identify how to review a Form 1041 submitted by another practitioner.

• Introduction to the fiduciary entity
• Fiduciary accounting fundamentals
• Subchapter J, DNI and the Distribution Deduction
• Simple and complex trusts
• Alternative Minimum Tax (AMT) for fiduciary entities
• Form 1041 updates
• Special problem situations