Claudia Hill, EA, MBA, has been in practice for a long time, and has prepared a lot of 1041 returns. One of the things that many people get confused about is the fact that the 1041 form is to be used to report the income for both an estate and a trust. This class will focus on the use of form 1041, specifically for estate. When someone dies, a new legal entity rises up to handle the business, personal, and financial affairs of the decedent. This course will take you through everything that you will need for Form 1041 for Estate not Trust.
Probate. Fiduciary Relationship. Estate Termination.
CPAs, accounting staff, enrolled agents and tax practitioners.
What tax returns will need to be filed? What is Probate, and when is it needed? Roles of Fiduciary, Preparer, and Authorized Rep. Non-Tax Issues facing the preparer. What information goes on the 1041- when is it needed?. Protecting the fiduciary.
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.
Claudia Hill, Western CPE
Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com.
Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of TaxMam, Inc. and TMI Tax Services Group, Inc. in Cupertino, California. TMI offers quality tax return preparation, tax advisory services, and controversy representation services to small businesses and individual taxpayers.
Non-Member Price $113.00
Member Price $98.00