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1041 Preparation and Planning 1: Tax Fundamentals for Trusts and Estates (2007 Edition)

Sidney Kess and Barbara Weltman

1041 Preparation and Planning 1: Tax Fundamentals for Trusts and Estates reviews fiduciary taxation fundamentals with a frequent emphasis on the rationale of the rules. Alerts of new changes for the year are provided. Examples illustrate how related code rules apply. Blank forms and schedules for particular items are included, as well as practice pointers, pitfalls and recent developments, with cases and rulings noted. Topics covered in this course include:

  • Nature of Form 1041
  • Role of the Fiduciary and Preparer
  • Filing requirements
  • Trust and estate basics
  • General information on the trust or estate
  • Nature of fiduciary accounting
  • Uniform Principal and Income Act
  • Allocating expenses between income and principal
Course Details
Price:  $84.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Basic
CTEC course number:  1075-CE-1111
Course was last updated on:  10/18/06
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Credit Available For: Units
CPE 7 CPE
QAS 7 CPE
Enrolled Agent (Accepted by the IRS) 7 CPE
CTEC Federal 7 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: Richard E. submitted on 06/22/2008
GREAT COVERAGE
Reviewer: Jessica W. submitted on 01/29/2008
Good basic overview
Reviewer: Sheryl D. submitted on 01/29/2008
Ease of taking the class
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