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The Basics of Form 1041 Preparation

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Online, OK 00000

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2.00 Credits

Member Price $69

Non-Member Price $89

Overview

? Are you preparing Form 1041 for the first time? Do you need a review of what the fiduciary return involves? Estates, simple trusts and complex trusts file Form 1041/541. Learn how they differ from 1040/540.

Highlights

  • Obtaining an EIN
  • Understanding Wills and Trusts
  • Answering questions on Forms 1041 and 541
  • Special income and Special deduction topics
  • First and final returns
  • Preparing Schedule K-1

    Prerequisites

    Some knowledge of individual tax is preferred.

    Designed For

    CPAs who are new to working with trusts

    Objectives

  • Determine how the raw data is presented on Forms 1041 and 541
  • Recognize Simple vs. Complex Trust requirements
  • Identify issues affecting trustees

    Preparation

    None.

  • Non-Member Price $89

    Member Price $69