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Fiduciary Taxation: Back to Basics-Part 1 of 4 WEBCAST

Monday, August 22 8:00am - 10:00am PDT

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2.0 Credits

Member Price $89.00

Non-Member Price $119.00


Form 1041 is considered a complicated return by many practitioners and the complexities have increased with legislation enacted in 2012 and 2017. This stems from the fact that there is terminology specific only to fiduciary entities, special accounting rules that fall somewhere between book and tax, and odd calculations such as “distributable net income” and “deductible DNI.” In this series of webcasts and through a series of schematics and spreadsheets, some of the mystery will be removed from the workings of fiduciary taxation and replaced with an understanding of the structure and consistency that underlies this interesting little entity that has been around since the Crusades and has a long history of use and effectiveness.


Introduction to the fiduciary entity. Basic fiduciary entity flowchart. Authorities and disciplines in fiduciary accounting and taxation. Fiduciary tax rates and brackets. The Medicare Surtax as it pertains to fiduciary entities. Introduction to Subchapter J. Five basic rules and concept of fiduciary taxation. Steps to calculating the income taxation of trusts and estates. Fiduciary duty and fiduciary accounting. Calculating fiduciary accounting income. Creating a tax spreadsheet.



Designed For

Tax practitioners, accountants and financial professionals.


Review typical fiduciary entities. Determine an approach to determine fiduciary accounting and taxation of an entity. Understand the difference between fiduciary accounting and taxation.






Leader Bios

Jacqueline Patterson

Jacqueline A. Patterson, JD, MBT, CPA, is a partner in the Los Angeles based firm of Haney, Buchanan & Patterson, LLP. She is a member of the California State, Los Angeles, and Beverly Hills Bar Associations. Ms. Patterson has written and facilitated full day tax seminars in the areas of corporate taxation, the income taxation of trusts and estates, tax research and planning, real estate transactions, charitable trusts and received the Foundation’s Meritorious Service Award in 2000.

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Non-Member Price $119.00

Member Price $89.00