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1041 Preparation and Planning 4: Schedule K-1

Sidney Kess and Barbara Weltman

1041 Preparation and Planning 4: Schedule K-1 explains the use of Schedule K-1 for beneficiaries. Alerts of new changes for the year are provided. Examples illustrate how related code rules apply. Line-by-line entries for Schedule K-1 are included, as well as practice pointers, pitfalls and recent developments. Topics covered in this course include:

  • Purpose of Schedule K-1
  • Beneficiary reporting: simple trusts
  • Beneficiary reporting: decedents' estates and complex trusts
  • Figuring allocations
  • Line-by-line entries for Schedule K-1
  • Recent developments

Course Details
Price:  $12.00
Field of Study:  Taxes
Prerequisites:  1041 Preparation and Planning 3: Tax Computation and Completing the Return
Level:  Basic
Course was last updated on:  11/30/05
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Technical Requirements:
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Credit Available For: Units
CPE 1 CPE
QAS 1 CPE
CFP® (Accepted by the CFP Board) 1 CPE
Enrolled Agent (Accepted by the IRS) 1 CPE
Law (Accepted by the State Bar of California) 1 CPE

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.

User Reviews
Reviewer: Elisa Yan Yan L. submitted on 02/26/2009
Able to accurate complate Sch k-1
Reviewer: Nobuyuki Y. submitted on 12/03/2008
Properly pointed out main topic of 1041 preparation and planning.
Reviewer: Angela F. submitted on 10/20/2008
examples
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