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N. Introduction to the Federal Income Tax Issues of a Decedent's Final Form 1040, the Estate, and the Survivors

Course Price: N/A
CPE Credits
December 10, 2020
Course Time
10:00 AM
Advanced Preparation
Course Level
Knowledge of the filing of Form 1040
Paul La Monaca CPA, MST

Course Description

IRS: Federal Tax Law Topics 2 CPE

CTEC: Tax Law 2 CPE

NASBA: Taxes 2 CPE

This course introduces the Tax Professional to the Federal Income Tax Issues involving the death of an individual taxpayer. It discusses the requirements for filing a "final Form 1040"and introduces the accounting required for "Income in Respect of a Decedent" IRD and "Deductions in Respect of a Decedent" DRD. This course will include the importance of choosing the proper filing status for the year of death and elections available to the personal representative for the "final Form 1040". It will discuss the tax implications of account balances after death for IRAs, HSAs, etc. and the tax issues of an Estate and Survivors.

Learning Objectives

At the completion of this webinar, the Tax Professional will be able to:

• Identify the important tax issues for preparing the final Form 1040 of a decedent

• Advise the personal representative of a decedent on the special elections available on the final Form 1040 as well as advice to the surviving spouse and the unique issues involved

• Advise the personal representative of a decedent on the issues involved for non-spouse beneficiaries of the decedent

• Introduce the personal representative to the requirements for filing an Estate or Trust Fiduciary Income Tax return Form 1041 and the impact, if any, on the beneficiaries

Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
  • 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.
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • 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.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.