Webcast
Basic
CPE Credits
2 Credits: Taxes
Course Description
A simple trust is not that simple. Many issues can arise in preparing fiduciary returns – especially the final one. In this course from Mary Kay Foss, CPA, we discuss revocable trusts in general and how expenses are allocated and distributions determined for income tax preparation.
Learning Objectives
Upon completing this course, participants will be able to:
- Review the conflicts inherent in dealing with beneficiary levels and the trustee’s fiduciary responsibility
- Understand the Elections available on Form 1041 and when to use them
- Recognize the differences between a trust and a probate estate
- Determine whether the separate share rule applies and trust situs issues
Course Specifics
|
Course ID WC1822281581 |
Revision Date April 11, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01997-22-O
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01997-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1734
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1734
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …
Advanced Trust Tax Return Preparation
$98.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 1 hour(s) and 13 minutes to watch today.
Webcast
Basic
CPE Credits
2 Credits: Taxes
Course Description
A simple trust is not that simple. Many issues can arise in preparing fiduciary returns – especially the final one. In this course from Mary Kay Foss, CPA, we discuss revocable trusts in general and how expenses are allocated and distributions determined for income tax preparation.
Learning Objectives
Upon completing this course, participants will be able to:
- Review the conflicts inherent in dealing with beneficiary levels and the trustee’s fiduciary responsibility
- Understand the Elections available on Form 1041 and when to use them
- Recognize the differences between a trust and a probate estate
- Determine whether the separate share rule applies and trust situs issues
Course Specifics
|
Course ID WC1822281581 |
Revision Date April 11, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01997-22-O
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01997-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1734
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1734
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …
Advanced Trust Tax Return Preparation
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 2 hours in length so you must start it before 06:00 pm ET.
Start within 1 hour(s) and 13 minutes to watch today.
$98.00