Accounting and Tax Planning for Estates and Trusts Webinar

Jul 29
1:00 - 5:00 p.m.

Online

4-Tax
CPE Credits

This program gives an introduction to fiduciary (book) accounting, the allocation of receipts and disbursements between income and principal under the Uniform Principal and Income Act, including how it impacts the calculation of the income distribution deduction for complex trusts on the Form 1041. Critical issues concerning preparing client's Form 1041 will be addressed, with a focus on the impact of the new Section 199A 20% deduction on trusts, estates and beneficiaries. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to...

Identify financial accounting, tax rules and guidelines of estates and trusts
Determine potential pitfalls and planning ideas

Highlights

The major topics that will be covered in this course include:

Introduction to fiduciary accounting
Distinction between "income" and "principal"
Discuss Uniform Principal and Income Act
2019 rates and brackets
Section 199A pass-through income
Excess business losses and Form 461
Filing deadlines and extensions
Simple or complex trust?
Grantor trust

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. VTVATPE4

Level: Intermediate

Prerequisites: Basic working knowledge of estate and trusts.

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Speaker(s)

Douglas VanDerAA

Federal Tax Workshops

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