Skip to main content

Form 1041 Advanced Series Part 3: Sec.199, Sec.67g & Charitable Deductions 2024

-

(Check-In )

Add to Calendar

Webcast

2.00 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

During part 3, of this 4-part series, we’ll focus on the challenges preparers of fiduciary tax returns face when trying to apply new tax laws often targeted for individuals to non-grantor trusts. This webinar explores in depth the limitations posed by the new tax rules under IRC Sec. 67(g). It also explores presentation issues when the entity has Qualified Business Income (QBI) that results in a Sec. 199A deduction. Lastly, it explores difficult issues that can arise with the charitable contribution deduction.

  • Course Instructor: Jacqueline A. Patterson
  • Highlights

    • Review of New Rules under IRC Sec. 67(g)
    • Review Surprises to Simple Trusts under IRC Sec. 67(g)
    • Presentation Issues with IRC Sec. 199A Deduction and the Tier System
    • Special Rules Relating to the Charitable Contribution Deduction
    • Problem Examples

    Prerequisites

    Form 1041 Advanced Workshop Part 2

    Designed For

    Tax practitioners, accountants and financial professionals.

    Objectives

    • Determine the application of individual tax rules to non-grantor trusts
    • Recognize how to calculate the limitations under new law for certain deductions
    • Identify placement on the tax forms to incorporate the special deduction rules

    Preparation

    None

    Notice

    This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.

    Non-Member Price $119.00

    Member Price $89.00