​​​​Introduction to Trusts and Form 1041 Online Training –June 27-28

Instructor-led sessions on June 27 and 28 from 10:00 a.m. - 2:00 p.m. CT​


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Trusts are powerful financial tools utilized to manage assets, minimize taxes and plan for the future. This course uses a unique hybrid learning approach to teach how to complete a basic income tax return for a trust by analyzing its income, deductions, and distributions during its existence and upon termination.

​During this training, you will gain an understanding of trusts, including how and why different types of trusts are created, the rights and duties of the parties involved, and the fiduciary’s income tax filing requirements. Throughout the session, we’ll use a case study to apply concepts.


Upon completion of this course, you will be able to:

  • Identify grantor trusts
  • Differentiate simple trusts from complex trusts
  • Determine the filing requirements for different types of trusts
  • Identify trust income and deductions
  • Summarize the tax effects of distributions to beneficiaries
  • Calculate distributable net income (DNI), fiduciary accounting income (FAI) and the income distribution deduction (IDD)
  • Prepare a basic Form 1041, U.S. Income Tax Return for Estates and Trusts, and Schedule K-1 (Form 1041), Beneficiary’s Share of Income, Deductions, Credits, etc.
  • Explain the tax consequences when a trust terminates

Course details

Instructor-led sessions will occur June 27 and 28 from 10:00 a.m. - 2:00 p.m. CT. During the sessions, the instructor will discuss main concepts and apply real-life scenarios. Throughout the sessions the learners will have the opportunity to ask questions. Learners will be provided with a recording of each session.

Instructor: Jaye Tritz, EA, CFP®

How to earn CPE

The self-study portion of this online training includes the Introduction to Trusts and Form 1041 course with access to 8 CPE for AFSP, EA, CPA, CRTP. To earn CPE, you must complete a final examination.

​Cancellation policy

​Because this is an online education offering, it is nonrefundable.​​

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