The Final 1041 for an Estate (Not a Trust)

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Claudia Hill, EA, MBA, has been in practice for a long time, and has prepared a lot of 1041 returns. One of the things that many people get confused about is the fact that the 1041 form is to be used to report the income for both an estate and a trust. This class will focus on the use of form 1041, specifically for estate. When someone dies, a new legal entity rises up to handle the business, personal, and financial affairs of the decedent. This course will take you through everything that you will need for Form 1041 for Estate not Trust.

Learning Objectives

Upon completion of this course, attendees will have an understanding of the following:

  • What tax returns will need to be filed?
  • What is Probate, and when is it needed?
  • Roles of Fiduciary, Preparer, and Authorized Rep
  • Non-Tax Issues facing the preparer
  • What information goes on the 1041- when is it needed?
  • Protecting the fiduciary

Course Specifics

Course ID
WC1822277705
Revision Date
February 3, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01983-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1720
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

Claudia Hill Headshot
Claudia Hill, EA, MBA

Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com. Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of …

Claudia Hill, EA, MBA Read More »

The Final 1041 for an Estate (Not a Trust)

Expert Instructors
CPE CREDITS
2 Credits: Taxes

$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 4 hour(s) and 46 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Claudia Hill, EA, MBA, has been in practice for a long time, and has prepared a lot of 1041 returns. One of the things that many people get confused about is the fact that the 1041 form is to be used to report the income for both an estate and a trust. This class will focus on the use of form 1041, specifically for estate. When someone dies, a new legal entity rises up to handle the business, personal, and financial affairs of the decedent. This course will take you through everything that you will need for Form 1041 for Estate not Trust.

Learning Objectives

Upon completion of this course, attendees will have an understanding of the following:

  • What tax returns will need to be filed?
  • What is Probate, and when is it needed?
  • Roles of Fiduciary, Preparer, and Authorized Rep
  • Non-Tax Issues facing the preparer
  • What information goes on the 1041- when is it needed?
  • Protecting the fiduciary

Course Specifics

Course ID
WC1822277705
Revision Date
February 3, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01983-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1720
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

Claudia Hill Headshot
Claudia Hill, EA, MBA

Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com. Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of …

Claudia Hill, EA, MBA Read More »

The Final 1041 for an Estate (Not a Trust)

Expert Instructors
CPE CREDITS
2 Credits: Taxes

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 4 hour(s) and 46 minutes to watch today.

$98.00