2008 Final 1040 & Estate 1041Course Level: Basic/Intermediate CPE Credits: 16 for EAs, 8 for CTEC Price: $200 for Members and $280 for Nonmembers Prerequisite: Basic knowledge of individual tax. This self-study course will explain the basic rules for preparing the decedent's final personal income tax return and the income tax rules governing the decedent's estate and/or trusts. Examples illustrating these rules are presented throughout the text. Click here to view the 2008 Table of Contents. Objectives Upon completion of this course, you will be able to: - Prepare a decedent's final form 1040, including joint returns.
- Correctly report the decedent's income for the year of death.
- Determine the decedent's deductions.
- Prepare requests for prompt assessment and discharge of personal liability.
- Prepare initial and final forms 1041 and Schedules K-1 for the estate and/or trust holding the decedent's assets.
- Calculate distributable net income (DNI).
- Recognize and account for income in respect of a decedent (IRD).
- Calculate gain or loss from the sale or distribution of estate or trust assets.
- Determine deductible expenses and allocate them to estate or trust income.
This course comes with a downloadable electronic textbook. If you would like to purchase a printed textbook for this course, the book will be available for sale for $50 for members and $80 for nonmembers (half the regular price). Once you are registered for the course, you can call Member Services at 800.558.3402, ext. 3 to purchase the book at this special price.
 |
Return to Self-Study Main Menu | 
