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Webcast: Form 1041 Advanced Series Part 1: Why Complex Trusts are Complicated 2024

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ASCPA Live Online Webcast

Webcast, AZ 85008

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2.0 Credits

Member Price $75.00

Non-Member Price $100.00

Overview

The first course in a four-part series, fiduciary accounting and taxation field, has transitioned over the past several years with updated rules and the increased tax cost of accumulating income in a non-grantor trust. The changes in the income tax rate structure at the federal and state levels have pulled income tax planning forward as a prime objective for estate planners. The rules and understanding of fiduciary accounting continue to be in a state of development and challenge. It is an understatement to say that fiduciary accounting and taxation have entered a new and very different phase of complexity and change. We will explore many of these issues in Parts 1-4 of Form 1041 Workshop.

Highlights

  • How to Identify a Complex Trust and the Complications that Arise with Complex Trusts
  • The Importance of Recognizing the Tier System used by Complex Trusts
  • The Advantages and Requirements of the 65-day Rule
  • Special Issues Related to the Charitable Contribution Deduction
  • Use of a Checklist for Complex Trusts

Prerequisites

None

Designed For

Tax practitioners, accountants and financial professionals.

Objectives

  • Determine and review how complicated complex trust can be difficult
  • Recognize provisions in a trust document that result in complex trust treatment
  • Identify and recognize the tax cost of accumulating taxable income in a trust
  • Identify special issues relating to complex trusts

Non-Member Price $100.00

Member Price $75.00