Surgent's Advanced Form 1041 Practice Workshop (AP41)

You Pay: $175.00
Field of Study
Course Level
Surgent McCoy CPE LLC

Registration Fees

MSCPA Member
AICPA Member
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The use of trusts must be re-evaluated in a post-tax reform world, with higher income tax rates for both the trust and its beneficiaries. Practitioners who understand the basics of Subchapter J and Form 1041 compliance soon encounter complex problems requiring sophisticated applications. This course builds upon our intermediate-level course to concentrate on the most difficult issues in practice. This is an essential offering for the practitioner with high-powered clients. Updated for post-election developments relative to potential estate tax repeal, and the implications for trust planning.

Designed For

CPAs who are heavily involved in Form 1041 preparation

Course Objectives

* Identify items of income in respect of a decedent (IRD) and calculate the 691(c) deduction * Understand how depreciation and alternative minimum tax applies to estates and trusts * Prepare Form 1041 and Form 5227 for charitable trusts * Distinguish grantor and non-grantor trusts

Major Subjects

* Case studies with completely filled-in forms tracking the flow of tax items and worksheets * Taking advantage of separate shares and the merged estate * Merging estates and trusts for income tax purposes * Special problems of estates and trusts relating to the new 3.8-percent tax on investment income * Alternative minimum tax for trusts and estates (Schedule G) * Grantor trusts: identification and compliance issues * Income in respect of a decedent, deductions in respect of a decedent, and the 691(c) deduction: calculation and allocation * Funding pecuniary marital trusts * Charitable deductions (Schedule A) * Charitable remainder trusts (Form 5227) and the ordering rules * Depreciation problems & special issues of holding rental real estate * Special problems for a trust or estate holding a partnership interest or S corporation stock (ESBTs and QSSTs) * Post-election developments relative to potential estate tax repeal, and the implications for trust planning


Previous coursework in Form 1041 preparation or equivalent knowledge and experience


+ $175.00

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