2 Credits: Taxes
This course, expertly guided by Claudia Hill, EA, MBA, offers an in-depth exploration of Form 1041, specifically tailored for estate taxation. It is designed to demystify the complexities involved in the post-death legal entity creation and the associated tax responsibilities. The class provides an in-depth understanding of the requirements and processes involved in estate tax filing, including the distinctions between estate and trust taxation. Participants will learn about probate, the roles and responsibilities of fiduciaries, preparers, and authorized representatives, as well as crucial non-tax issues that preparers encounter. The course also delves into the specifics of what information is needed on Form 1041 and how to protect the fiduciary during this process. This training is beneficial for tax professionals seeking a comprehensive understanding of estate taxation and practical insights into the preparation and filing of Form 1041 for estates.
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
February 3, 2022
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01983-22-O
IRS Federal Tax Law Credits: 2
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 registration 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. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
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 …