Trust Tax Return Preparation

2 Credits: Taxes


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Trust Tax Return Preparation

Course Level
CPE Credits

2 Credits: Taxes

Course Description

This course is specifically tailored to address the complexities of preparing trust tax returns, a task that requires a nuanced understanding of both state law and individual trust agreements.

Participants will benefit from an in-depth analysis of different types of trusts, gaining the ability to distinguish between simple and complex trusts effectively. This knowledge is fundamental in ensuring accurate tax filing for trusts. The course also focuses on the often-overlooked conflicts between income beneficiaries, ultimate beneficiaries, and fiduciaries/trustees, providing strategies to manage these relationships effectively and ethically. Understanding the Distribution Deduction is another key feature of this course, crucial for optimizing tax outcomes for trusts. Additionally, the course offers comprehensive insights into allowable income tax deductions for trusts and their limitations, an area often challenging for those unfamiliar with trust taxation. By the end of the course, participants will not only have enhanced their knowledge and skills in trust return preparation but also gained the confidence to provide valuable assistance to clients managing estate or trust returns, ensuring both accuracy and compliance.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Analyze whether the trust is Simple or Complex
  • Recognize the conflicts between the income beneficiary, the ultimate beneficiary and the fiduciary/trustee
  • Determine the all-important Distribution Deduction
  • Understand the allowable income tax deductions and their limitations
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Course Specifics

Course ID
Revision Date
May 18, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02016-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1752
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

Meet The Experts

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 …