This program examines the critical issues, rules, and special opportunities when preparing your clients’ Form 1041 US Income Tax Return for Estates and Trusts. Learn where taxable income is determined differently from individuals; filing requirements and deadlines; reporting alternatives for grantor trusts; and other key topics you need to consider when filing your clients 1041 return.
Similarities and differences to individuation taxation. Filing requirements, deadlines and penalties: Section 645 election. Simple vs. complex trusts. Grantor trust filing options. Gross income. Deductions. Distributions. Section 199A.
A basic working knowledge of Form 1041 and estates and trusts.
Experienced CPAs working with estates and trusts.
Provide a working knowledge of tax rules and guidelines of estates and trusts returns. Discuss planning and potential pitfalls.
Douglas Van Der Aa
Doug Van Der Aa is a Tax Manager for the Grand Rapids, Michigan firm of Hungerford, Aldrin, Nichols & Carter, PC, CPAs and Consultants, where he specializes in the preparation and review of individual, corporate, estate, trust and partnership tax returns for small and mid-sized businesses; acquisition, and reorganization and financing of corporations, limited partnerships and limited liability companies; complex commercial real estate transactions (Section 1031 tax-free exchanges, leasing, purchase/sale); tax research and planning. Over the past 10 years, Doug has taught several accounting and tax courses for Grand Valley State University, Hope College and Davenport University, as well as served as a speaker for the Michigan Association of CPAs. Doug received his B.S. in accounting from Dordt College and his Juris Doctor from the University of Illinois. He is a member of the MACPA, Michigan State Bar, AICPA and the Economic Club of Grand Rapids.
Non-Member Price $109.00
Member Price $79.00