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Form 1041 Advanced Series Part 1: Why Complex Trusts are Complicated 2023 WEBCAST


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2.0 Credits

Member Price $89.00

Non-Member Price $119.00


The fiduciary accounting and taxation field has been in transition for the past several years, with updated fiduciary accounting rules and the increased tax cost of accumulating income in a non-grantor trust. The income tax rate structure changes at the Federal and state levels have pulled income tax planning forward as a prime objective for estate planners. The rules and understanding of fiduciary accounting continue to be in a state of development and challenge. It is an understatement to say that fiduciary accounting and taxation have entered a new and very different phase of complexity and change. We will explore these complexities and changes.


How to identify a complex trust and the complications that arise with complex trusts. The importance of recognizing the tier system used by complex trusts. The advantages and requirements of the 65-day Rule. Special issues related to the charitable contribution deduction. Use of a checklist for complex trusts.


An understanding of the basics of Form 1041, fiduciary accounting and taxation.

Designed For

Tax practitioners, accountants and financial professionals.


Determine and review how complicated complex trust can be difficult. Recognize provisions in a trust document that result in complex trust treatment. Identify and recognize the tax cost of accumulating taxable income in a trust. Identify special issues relating to complex trusts.






Leader Bios

Jacqueline Patterson, California CPA Education Foundation

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