Filing the Fiduciary Form 1041: Estate and Trust Income Tax Issues
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- 12:15 pm - 2:15 pm Pacific Time Zone
- 1:15 pm - 3:15 pm Mountain Time Zone
- 2:15 pm - 4:15 pm Central Time Zone
- 3:15 pm - 5:15 pm Eastern Time Zone
IRS CPE : Tax Law Topics 2
CTEC CPE : Tax Law Topics 2
NASBA CPE : Taxes 2
This course provides tax professionals with the special rules provided under Subchapter J for preparing the Form 1041 fiduciary income tax return. The session discusses the entity's own reporting requirements as well as the pass-through of income, deductions and credits from the entity to the beneficiaries. This course will discuss the unique items of the Income Distribution Deduction and Distributable Net Income (DNI) that are critical for understanding the transactions which impose a tax on the entity vs. a tax on a beneficiary.
Upon the completion of this session, the participants will be able to better:
- Describe the reporting requirements of income, deductions and credits related to transactions at the entity level vs. the individual beneficiary level.
- Answer the questions of when, why and who pays the tax.
- Discussion of the "pass through" entity requirements along with the proper reporting on Schedule K-1 of Form 1041
- Differentiate between the "controlling documents" (Trust/Will) which tell the story of who the participants are and how the income deductions, and credits are reported for the taxpayers involved.
- How do I get my member discount?
To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.
- Will I receive a email confirmation?
Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.
- I did not receive an email?
Check your SPAM folder for the email. To prevent SPAM filters from blocking our emails please add taxes@nstp.org to your address book or safe senders list. For more information, click How to Whitelist an Email Address or Email Whitelist Instructions
- Do you handle the IRS CPE Reporting?
Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.
- When and how will I receive my certificate of completion?
Your certificate will be emailed to you within 10 business days of the completion of the course.
FAQs
Official Registry Statement:
The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Disclaimer:
Group Internet Based courses are interactive audio-visual presentation courses led by an NSTP Instructor. These courses include a pre-recorded session and may also include PowerPoints slides, a PDF textbook or both.
Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Administration Policies:
Registration
- A $25 administrative fee will be charged for any course changes.
- It is essential for each participant in the webinar to register using their own name and email address; logging in with a different email may result in no CE credits being reported.
- Once registrations are finalized, a link will be sent to the registrant's email address via BigMarker. Don't see your link? Check your spam and junk folders before contacting NSTP.
- Each link is unique to the registered email address and will not function if forwarded to another email.
- For Group Internet Based courses that provide course materials before the course date, cancellations, refunds, or transfers to another course are not permitted. Once the course material is emailed, there are no cancellations, refunds, or transfers to another course.
Attendance Monitoring For CE
Group Internet Based courses use a popup tool to monitor attendance. According to guidelines, you need to respond to at least three popups per hour to qualify for continuing education credits. We have included several additional pop ups throughout the course to ensure that all participants have the opportunity to earn the full CE credits. CE credits cannot be earned by participating in the course via phone only.
Cancellation
NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
Refunds, Cancellations, Complaints
For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.
Technical Information:
Test your System first
- NSTP is not tech support, we will send you to either of these sites before further troubleshooting your technical issue.
- Before attending a Group Internet Based course, YOU MUST review our System Requirements below and test your system. Please test on the device, browser, and network you will be using when attending a Group Internet Based course.
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