2024 The Complete Guide to the Preparation for Form 1041
Online
8.00 Credits
Member Price $225.00
Non-Member Price $275.00
Overview
Navigate the intricate world of tax compliance for fiduciary entities with confidence through this comprehensive course tailored for financial professionals. Gain practical insights and expertise in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041), addressing specific issues surrounding decedents' estates and trusts. Delve into the fundamentals of Subchapter J of the Internal Revenue Code and master the art of compliance while decoding complex tax regulations. With engaging case studies and line-by-line instruction, participants will acquire the skills necessary to recognize and address key components of Form 1041, ensuring accuracy and efficiency in tax preparation. Don't miss this opportunity to enhance your proficiency and advance your career in fiduciary taxation.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
Objectives
- Identify the key components of Form 1041 for fiduciary entities
- Describe specific issues related to decedent's estates and trusts
- Recognize the fundamentals of Subchapter J of the Internal Revenue Code
- Discuss strategies to comply with tax compliance issues effectively
- Interpret distributable net income (DNI) and income in respect of a decedent (IRD)
- Explain how to prepare a Form 1041 in line-by-line instruction
- Apply knowledge gained to real-world case studies
- Analyze estate documents for tax implications
- Differentiate between various types of trusts for tax purposes
- Evaluate the impact of tax regulations on fiduciary entities
- Assess the importance of accurate tax preparation in maintaining compliance
- Justify the necessity of ongoing professional development in fiduciary taxation
Highlights
- Form 1041 Preparation
- Decedent's Estate Issues
- Trust-Specific Challenges
- Subchapter J Fundamentals
- Compliance Strategies
- Case Study Analysis
Designed For
CPAs, EAs, and attorneys
Prerequisites
None
Preparation
None
Notice
Your webinar can be accessed via https://ctcpas.acpen.com/Account/loginhttps://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.
Leader(s):
Leader Bios
Arthur Werner, President, Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.
In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.
Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners and has presented more than 3000 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Non-Member Price $275.00
Member Price $225.00