Final 1040 and Estate 1041



Course Year: 2013
Course Level: Intermediate
Prerequisite: Basic knowledge of individual income tax
Advance Preparation: Download Form 1041 from the IRS website and have the form available to reference.
Delivery Method: Self-Study

CPE Credits Designation Field of Study
IRS * 8 EA Federal Tax Law Topic
CTEC 8 CRTP Federal Tax Law Topic
CFP Board 0 CFP® N/A


* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.


Fees: $104 for Members and $120 for Nonmembers


They say only two things are certain—death and taxes. Be prepared to assist taxpayers with tax filing before and after death. This course explains the basic rules for preparing a decedent’s final personal income tax return and the income tax rules governing a decedent’s estate and/or trusts. Examples illustrating these rules are presented throughout the text.

Upon completion of this course, the tax professional will be able to:

  • Allocate and report the proper amount of income and expenses on a final Form 1040.
  • Discuss the treatment of the decedent’s tax attributes (e.g., NOLs, capital loss carryovers, suspended passive losses, etc.).
  • Identify the various other forms used when wrapping up the decedent’s final return.
  • Learn the meaning of unique terms associated with a decedent’s estate.
  • Identify necessary documents and forms for completing Form 1041 for an estate.
  • Determine when the estate can and should make an election to treat a revocable trust as part of the estate.
  • Discuss the reporting of various income items (e.g., interest, dividends, capital gain income and income in respect of a decedent).
  • Identify the options for reporting a decedent’s deductible expenses (Form 706 vs. Form 1041). 

For more information regarding refund, complaint and/or program cancellation policies, please contact our Member Services Department at 800.558.3402, ext. 3.

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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