Course Information

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1041 Preparation and Planning 4: Schedule K-1 (2010 Edition)
Author: Sidney Kess and Barbara Weltman

Description:
1041 Preparation and Planning 4: Schedule K-1 (2010 Edition) 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:  $16.00
Field of Study:  Taxes
Prerequisites:  1041 Preparation and Planning 3: Tax Computation and Completing the Return (2010 Edition)
Level:  Basic
Advanced Preparation:  None
CTEC course number:  1075-CE-7144
Course was last updated on:  12/03/09
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Library:
Tax Return Preparation
Wealth Management

Technical Requirements:
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Credit Available For: Units
CPE 1.0 CPE
QAS 1.0 CPE
Enrolled Agent (Accepted by the IRS) 1.0 CPE
CTEC Federal 1.0 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: Fawn M. submitted on 12/23/2009
Highlighting use of Form 8082, specifying that trusts may never deduct Sec. 179 expense, calculation of beneficiary share of DNI.
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