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Fiduciary Income Tax Returns – Form 1041 Workshop with Filled-in Forms


  • EVENT DATE:

  • PRESENTER(s): Robert Keebler

  • 1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 100 Minutes
  • Product Code::TL114



Description

Tax compliance issues for fiduciary entities are sometimes confusing to practitioners due to the fact that many lack experience in this area. The preparation of The US Income Tax Return for Estates & Trusts (Form 1041) is an art that requires juggling oft-competing obligations between the tax authorities, personal representatives and beneficiaries. This lecture includes Form 1041 Income Tax updates, the new proposed regulations under §67(e); new cases of interest; current planning with IRAs and the SECURE Act; and planning in rising interest rates.

Session Highlights:

  • Updated information on Form 1041 and the distribution deduction
  • Tax and financial planning for estates and trusts
  • Discussion of how to minimize the high tax brackets
  • Effective use of tax elections and allocations
  • New final regulations under §67(e)
  • Final regulations for termination
  • Distributable net income (DNI) and distributions
  • Current planning opportunities; income tax traps
  • Business entities and passive activities
  • How to avoid tax traps
  • Business accounting and tax provisions for S corporations and partnerships

Credits and Other information:

  • Recommended CPE credit – 2.0
  • Recommended field of study – Taxes
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners


Speaker Profile:
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils.  He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession.  His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration.

Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 250 favorable private letter rulings including several key rulings of “first impression.”  He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation.  Mr. Keebler has been a speaker at national estate planning and tax seminars for over 25 years including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute and is the immediate past the chair of the AICPA’s Advanced Estate Planning Conference, serving in that capacity from 2014-2020.

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