CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Advanced Trust Tax Return Preparation

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
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
CTEC Provider Number: 2071
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

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 …

Mary Kay Foss, CPA Read More »

Advanced Trust Tax Return Preparation

Expert Instructors
CPE CREDITS
2 Credits: Taxes

$98.00


Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
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
CTEC Provider Number: 2071
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

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 …

Mary Kay Foss, CPA Read More »

Advanced Trust Tax Return Preparation

Expert Instructors
CPE CREDITS
2 Credits: Taxes

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.

$98.00