Virtual
California Fiduciary Taxes Part 1: Form 1041 Conformity Rules 2024
Date: Dec. 3, 2024
Time: 8 – 10 a.m. PT
CPE: 2
Overview
For many years, if you prepared a complete Form 1041, the California Form 541 would follow. However, times have changed, and the Federal and California tax rules are often very different. It is essential to rely on something other than your software in preparing California Form 541 but rather have a good understanding of the similarities and differences in the authority and preparation of the two returns. This is part 1 of a 2-part series.
Product Code
1000003027-126595
Credit Type
CPE: 2CPE-AA: 2CPE-Technical: 2CTEC-CA: 2Accessibility
Closed Captioning Available
Intended Audience
CPAs, financial professionals, enrolled agents and tax preparers.
NASBA Field of Study
Accounting
Level of Difficulty
Intermediate
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- California Form 541 and its Similarities to Form 1041
- The Scope of the "unless modified" Language in the California Revenue Statute
- When California Tax Law Conforms to Federal Law
- Statutory Differences between Federal and California Tax Laws
- PEP Credit for Trusts and Estates
- Spreadsheet Review of Federal/California Differences
Other Dates
Faculty
Jacqueline A. Patterson
Jacqueline Patterson is a partner in the law firm of Buchanan & Patterson, LLP in Beverly Hills where she specializes in tax, and estate planning. She advises grantors, fiduciaries and beneficiaries and is a consultant to attorneys and CPAs in fiduciary accounting, taxation and litigation. Patterson is a nationally recognized speaker and has been a seminar discussion leader and author for many years, writing and facilitating seminars in estate...
More about Jacqueline A. PattersonAdditional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.