NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Form 1041: Income Taxation of Estates and Trusts

<— Previous Page
Online Registration Form

Date: September 19, 2017
Location: Mahoney State Park, Ashland
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. Understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. This course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare Federal Form 1041 and the accompanying schedules.
Objectives
When you complete this course you will be able to: * Apply the concepts of federal income taxation of estates and trusts. * Calculate the gross income of trusts and estates. * Identify what deductions and credits are allowed for estates and trusts. * Recognize distributable net income and understand its significance.
Highlights
* How are trusts and estates taxed under the internal revenue code? * What is a trust? What is a “simple trust?” What is a “complex trust?” * How is the “income” of a trust or estate defined for tax purposes? * What are the ordinary deductions and credits allowed? * How is the “deduction for distributions” to beneficiaries determined? * How are trust and estate beneficiaries taxed? * What is a “grantor trust” and how is it taxed? * How to prepare Form 1041.
Who Should Attend
CPAs and financial planners with basic knowledge of federal income tax concepts.

Course Level Basic
Prerequisites None
Course IDITET
Discussion LeaderStephen Renberg, AICPA
CPE Credit8 Hours
Additional Information: Parking and lunch are provided on-site.
Fee: $260 - Society & AICPA Member
$290 - AICPA or Society Nonmember
$320 - AICPA & Society Nonmember
<— Previous Page
635 S. 14TH ST. SUITE 330
LINCOLN, NE 68508
(402) 476-8482
(800) 642-6178
(402) 476-8731