CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Western CPE will be closed on July 3rd and 4th to celebrate Independence Day.

Trust Tax Return Preparation

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Unlike most tax returns we are engaged to prepare, trust returns rely on a knowledge of state law and a thorough familiarity with the client’s specific trust agreement. Although not a specialist, you may be asked to assist a client’s family with the return for their estate or trust. In this course we will go over the basic information and distinguish between the state law concept of trust accounting income and the tax concept of distributable net income.

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

Course Specifics

Course ID
WC1822285184
Revision Date
May 18, 2022
Prerequisites

None

Advanced Preparation

None

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 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 »

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

Unlike most tax returns we are engaged to prepare, trust returns rely on a knowledge of state law and a thorough familiarity with the client’s specific trust agreement. Although not a specialist, you may be asked to assist a client’s family with the return for their estate or trust. In this course we will go over the basic information and distinguish between the state law concept of trust accounting income and the tax concept of distributable net income.

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

Course Specifics

Course ID
WC1822285184
Revision Date
May 18, 2022
Prerequisites

None

Advanced Preparation

None

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 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 »

Trust Tax Return Preparation

Expert Instructors
CPE CREDITS
2 Credits: Taxes

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

$98.00