On-Demand
The Basics of Form 1041 Preparation 2024
CPE: 2
Overview
Are you preparing Form 1041 for the first time? Do you need a review of what the fiduciary return involves? Estates, simple trusts and complex trusts file Form 1041/541. Learn how they differ from 1040/540.
Product Code
1000003670
Credit Type
CPE: 2CPE-Technical: 2Format
Online Self-Study
Intended Audience
CPAs who are new to working with trusts
NASBA Field of Study
Taxes
Level of Difficulty
Basic
Prerequisites
Some knowledge of individual tax is preferred.
Advance Preparation
None.
Learning Objectives
Major Subjects
- Obtaining an EIN
- Understanding Wills and Trusts
- Answering questions on Forms 1041 and 541
- Special income and Special deduction topics
- First and final returns
- Preparing Schedule K-1
Faculty
Mary Kay Ann Foss
Mary Kay Foss CPA is a frequent lecturer for community, professional and business groups. She has authored and presented courses for tax professionals throughout California. She has over thirty years of practical experience in advising clients about retirement, income and estate planning issues. Ms. Foss currently serves on the AICPA Individual Self-Employed Technical Resource Panel and is a past chair of the AICPA Trust Estate and Gift Tax Te...
More about Mary Kay Ann Foss