​​​​​​​​​​​​​​​​​​​​​​​​​​Wisconsin Chapter Education

Wisconsin Chapter Spring Event

This event will offer the following education:

• Estate Planning
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  Understand the significance of estate planning. Learn the differences between wills, revocable living trusts, irrevocable living trusts, and testamentary trusts, as well as the importance of other estate planning tools such as powers of attorney (health care and finances) and marital agreements. Explore how estate planning integrates with financial planning and long term care planning. Gain insight into federal and state tax laws and how they can impact the estate planning process, including marital property issues and considerations. Consider special circumstances when planning for spouses, descendants, and other beneficiaries, including planning for beneficiaries with special needs. Learn some of the basics of Medicaid law and how the Medicaid rules can impact the estate plan. Presented by Gregory Banchy, Attorney.
• Preparing the 1041 Estate Tax Return
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  When a taxpayer passes away, their assets become part of their estate. Those assets can generate income, which may require the taxpayer (decedent) to file Form 1041, U.S. Income Tax Return for Estates and Trusts (fiduciary income tax return). This course explains the basic rules governing the administration of a decedent's estate and how to prepare Form 1041 for a decedent's estate. Learn about the income and expenses, and the accounting concepts fundamental to preparing an estate income tax return. Illustrative examples are contained throughout the course that culminate in a completed Form 1041 at the end of the course. Outlining the filing requirements for a decedent's estate Identifying income and expenses reported on an estate Form 1041. Calculating the income and expenses of an estate Identifying requirements to treat a revocable trust as part of an estate. Reporting estate income, credits and deductions to beneficiaries Preparing Form 1041. Presented by Margaret Banchy, CPA.

Register Now!

Date & Time:

Location:

Fees:

Early pricing ends May 23, 2025.
Registration includes lunch on June 5. Print materials are also included.

Cancellation Policy:

Cancellations must be submitted to NATP by June 3, 2025.

All tax preparers are responsible to verify the number of credits they receive each year and the related state or federal reporting requirements to maintain their credentials.

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