Webcast Title: Update – Form 1041 – A Step By Step Approach – 2013
Highlights:
Come join Larry Stein as he discusses selected income tax matters that impact fiduciaries. This webcast will also include a step-by-step approach to Form 1041 preparation. Larry will cover the impact of the new net investment income tax (3.8% NIIT) on trusts and estates.
Learning Objectives:
Upon the successful
completion of this webcast, the participants will be able to:
1.
Explain selected income tax matters that impact fiduciaries, heirs,
beneficiaries, and surviving spouses.
2.
Explain Form 1041 preparation in a step-by-step manner.
3.
Explain the impact of the new 3.8% net investment income tax on
trust and estate income tax returns.
Major Topics:
Here is a list of the major topics that Larry Stein will cover:
·
IRS Form 56 – Notice Concerning Fiduciary Relationship.
·
IRS Form 4810 – Request For Prompt Assessment.
·
Impact Of 3.8% Net Investment Income Tax On Trusts And Estates.
·
Determine Fiduciary Accounting Income.
·
Classify The Subchapter J Entity.
·
Impact Of Distributions From Estates And Trusts.
·
Reg. 1.67-4, The Knight
Case, And The 2% Of AGI Threshold.
·
Handling “S” Corporation Trusts – QSST’s And ESBT’s.
·
IRS Form 8855 – Qualified Revocable Trusts – IRC 645 Election.
·
Basis – IRC 1014 (Inheritance – Step-Up Or Step-Down) Vs. IRC 1012
(Purchase Cost) Vs. IRC 1015 (Gifts).
·
A Step-By-Step Approach To Form 1041 Preparation.
·
Distributable Net Income (DNI).
·
DNI Separate Share Regulations.
·
Some Practical Pointers – Trust And Estate Administration Tax Moves.
·
IRC 642(g) Election – Administrative Expenses Election; Hubert Regulations.
Designed For: CPAs with at least six (6) years of experience. You must have a basic knowledge of federal taxation
NASBA Fields Of Study: Taxes
Level:
Intermediate.
Presentation Method:
Live Webcast Lecture With Questions And Answers.
Advanced Preparation:
Basic knowledge of federal taxation.
Texas Reg:
009838
“I have registered with the Texas State Board of Public Accountancy
as a CPE sponsor. This registration does not constitute an
endorsement by the Board as to the quality of my CPE program.”
Larry Stein
ID# 109111
Lawrence J Stein
9620 NW 82nd Street
Tamarac, FL 33321
Phone: 954.721.5588
Group Internet-Based
Larry Stein
