Loading product...
Nuts and Bolts of Trusts and the Tax Return (Part 1)
- 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
- Instructor
- Kathryn Keane, EA
- Duration
- 200 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
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:
Details
Nuts and Bolts of Trusts and the Tax Return (Part 2)
- 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
- Instructor
- Kathryn Keane, EA
- Duration
- 200 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Continuation of part 1 with the same objectives.
Objectives
Upon completion of this course, you will be able to:
Details
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.