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Advanced Trust Tax Return Preparation - FLEXCAST

Available Until Wednesday, May 31

Your Desk

2.0 Credits

Member Price $98.00

Non-Member Price $113.00

Overview

A simple trust is not that simple. Many issues can arise in preparing fiduciary returns - especially the final one. In this course from Mary Kay Foss, CPA, we discuss revocable trusts in general and how expenses are allocated and distributions determined for income tax preparation.

Highlights

Revocable trusts. How expenses are allocated and distributions determined for income tax preparation.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Review the conflicts inherent in dealing with beneficiary levels and the trustee’s fiduciary responsibility. Understand the Elections available on Form 1041 and when to use them. Recognize the differences between a trust and a probate estate. Determine whether the separate share rule applies and trust situs issues.

Preparation

None.

Notice

  • This is a FlexCast™ (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. 
  • You may take up to one year from the date of purchase to complete the course. 
  • Pause your FlexCast and resume at a convenient day during the hours above.  
  • Partial credit for 2+ credit courses:  If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning.   
  •  Use chat to ask questions of a subject matter expert during the program. 

Leader(s):

Leader Bios

Mary Kay Foss

Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California. Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is a member of the AICPA Trust, Estate and Gift Tax Technical Resource Panel and has been quoted in California CPA magazine, as well as national publications.

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Non-Member Price $113.00

Member Price $98.00