Virtual
Fiduciary Taxation Part 2: Fiduciary Accounting & Simple Trusts 25-26
Date: July 22, 2025
Time: 10 a.m. – 12 p.m. PT
Member
$99.00
Nonmember
$129.00
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Overview
In part 2 of this four-part series, we'll focus on the concept of fiduciary accounting and its relationship to fiduciary taxation. It also addresses the identification of a "simple trust" for purposes of taxation. Problem examples will cover both the calculation of fiduciary accounting and the taxation of simple trusts through the use of an Excel spreadsheet that translates to a completed Form 1041.
Be sure to register for all courses in this series:
Fiduciary Taxation Part 1: Introduction to Form 1041
Fiduciary Taxation Part 2: Fiduciary Accounting & Simple Trusts
Fiduciary Taxation Part 3: Complex Trusts & Charitable Deduction
Fiduciary Taxation Part 4: Miscellaneous Topics & AMT
Product Code
1000003933-132690
Credit Type
CPE: 2CFP: 2CPE-Technical: 2IRS-TX: 2MCLE: 1.5MCLE LS-TX: 1.5Intended Audience
Tax practitioners, accountants and financial professionals.
NASBA Field of Study
Taxes
Level of Difficulty
Basic
Prerequisites
Fiduciary Taxation Part 1: Introduction to Form 1041
Advance Preparation
None
Learning Objectives
Major Subjects
- Review the Basic Concept of Fiduciary Duty
- Review the Basic Concept of Fiduciary Accounting
- Use of a Diagram to Distinguish Income and Principal
- Calculating Fiduciary Accounting Income
- Requirements of a Simple Trust
- Problem Example Spreadsheets Reflecting Fiduciary Accounting and Taxation of Simple Trusts as well as how Depreciation is Handled by a Fiduciary Entity
- Problem Examples Reflecting a Completed Form 1041 using Spreadsheet Calculations for Fiduciary Accounting and Taxation of Simple Trusts
Other Dates
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.