Course Information

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1041 Preparation and Planning 5: Special Situations (2009 Edition)
Author: Sidney Kess and Barbara Weltman

Description:
1041 Preparation and Planning 5: Special Situations (2009 Edition) details the rules for completing Schedule J of Form 1041. Schedule J is used only for complex trusts that distribute accumulated income and that are still subject to the throwback rules. The course also reviews post-mortem planning for decedents' estates, and planning for the termination of trusts. Examples illustrate course concepts. Practice pointers and pitfalls are provided. A filled-in form case study concludes the course. Topics covered in this course include:

  • Introduction to Schedule J
  • Overview of Schedule J
  • Accumulation Distribution This Year: Part I of Schedule J
  • Ordinary Income Accumulation Distribution for the Throwback Years: Part II of Schedule J
  • Taxes Imposed on Undistributed Net Income: Part III of Schedule J
  • Allocation to Beneficiary: Part IV of Schedule J
  • Introduction to Advance Planning Considerations
  • Post-Mortem Planning for Estates
  • Planning for Income in Respect of a Decedent
  • Planning for the Use of Revocable Trusts
  • Planning for Termination of Trusts

Course Details:
Price:  $30.00
Field of Study:  Taxes
Prerequisites:  1041 Preparation and Planning 4: Schedule K-1 (2009 Edition)
Level:  Intermediate
Advanced Preparation:  None
CTEC course number:  1075-CE-5399
Course was last updated on:  12/03/08
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Library:
This course does not belong to any Specialty Libraries.

Technical Requirements:
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE
Enrolled Agent (Accepted by the IRS) 2.0 CPE
CTEC Federal 2.0 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: Guy B. submitted on 12/11/2009
1041 review and sch j
Reviewer: Melichar K. submitted on 10/22/2009
The filled in forms were helpful references.
Reviewer: Erica B. submitted on 08/31/2009
terminating the estate
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