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2026 MA RI Chapter Fall Seminar and Annual Chapter Meeting Event - Southbridge, MA

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Session details

Description

Nuts and Bolts of Trusts and the Tax Return Trusts are more popular than ever before. Clients are hearing "form a trust" from every angle. Some should, while others definitely should not. Then there are those that form a Trust and have no clue what to do tax wise. This session will examine the why's and how's and cover the tax implications of establishing a trust, including the preparation of a few common types of trust tax returns.

Objectives

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

  • Understand the basic types of trusts typically used by taxpayers
  • Understand the reasoning behind utilizing trusts
  • Recognize the tax impact of funding a trust and transferring assets to a trust
  • Understand the treatment of income distributed by a trust
  • Recognize when a trust is subject to the Net Investment Income Tax
  • Prepare a basic Form 1041

Details

Instructor
Kathryn Keane, EA
Duration
200 minutes
Delivery method
Group Live

CPE

Governing body: IRSCPE credits: 4Designation: AFSPField of study: Federal Tax Law Topic
Governing body: IRSCPE credits: 4Designation: EAField of study: Federal Tax Law Topic

Description

Continuation of part 1 with the same objectives.

Objectives

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

  • Understand the basic types of trusts typically used by taxpayers
  • Understand the reasoning behind utilizing trusts
  • Recognize the tax impact of funding a trust and transferring assets to a trust
  • Understand the treatment of income distributed by a trust
  • Recognize when a trust is subject to the Net Investment Income Tax
  • Prepare a basic Form 1041

Details

Instructor
Kathryn Keane, EA
Duration
200 minutes
Delivery method
Group Live

CPE

Governing body: IRSCPE credits: 4Designation: AFSPField of study: Federal Tax Law Topic
Governing body: IRSCPE credits: 4Designation: EAField of study: Federal Tax Law Topic

CPE sponsor disclosure

The CPE associated with this education is provided by the Massachusetts/Rhode Island NATP Chapter and is independent of national NATP sponsorship.

IRS sponsor number: JSAQG

See our CPE sponsor page for more information on reporting.