This course is designed to help the beginner as well as the experienced practitioner in their understanding of income taxation of Estates and Trusts. Fiduciary income and issues will be reviewed, including a complete analysis of Form 1041, (U.S. Income Tax Return for Estates and Trusts). In addition, new changes in the tax laws as they relate to Form 1041 will also be reviewed.
Review of essential IRC Sections. Review of new legislation. A quick look at the decedent’s final return and how to allocate income between the decedent and fiduciary. What a tax practitioner needs to know about estate planning and probate. Overview of split-interest charitable trusts. What can and cannot be deducted on Form 1041. How to calculate the income distribution deduction. Fiduciary accounting. Proper handling of depreciation and rental losses. Calculating the estate tax deduction on income in respect of a decedent (IRD). Tips on building an estate practice.
CPAs, EAs, attorneys, and bankers.
Recognize a complete IRS Form 1041
4.94 stars out of 5 - speaker rating for 2019
“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees
Art Werner is currently a shareholder in and is the President of the lecture firm Werner - Rocca Seminars, Ltd. Mr. Werner’s areas of expertise include business, tax, financial, and estate planning for high net worth individuals.
In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University located in Philadelphia, Pennsylvania.
Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants, Enrolled Agents, Insurance Agents, and Financial Planners, and has presented well in excess of 2,000 eight-hour seminars over the past 20 years. Over the past 20 years, Mr. Werner was rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Non-Member Price $309.00
Member Price $259.00