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Date and Time: Thursday, September 2, 1:00 pm – 2:50 pm EST

Description: This program examines the critical issues, rules, and special opportunities when preparing your clients’ Form 1041 US Income Tax Return for Estates and Trusts. Learn where taxable income is determined differently from individuals; filing requirements and deadlines; reporting alternatives for grantor trusts; the calculation and allocation of DNI; and the impact of the new Section 199A, 20% deduction on trusts, estates and beneficiaries.

Learning Objectives:  

  • Provide a working knowledge of tax rules and guidelines of estates and trusts returns
  • Discuss planning and potential pitfalls

Major Subjects:

  • Similarities and differences to individuation taxation
  • Filing requirements, deadlines and penalties: Section 645 election
  • Simple vs. complex trusts
  • Grantor trust filing options
  • Gross income, deductions and distributions
  • Recent tax legislation, rulings, and developments impacting estates and trusts

Who should attend: Experienced practitioners working with estates and trusts.

Program Level: Intermediate

Developed By: Van Der Aa Tax Ed, LLC

Instructor: Douglas J. Van Der Aa

CPE Credit: 2

Field of Study: Taxation

Prerequisites: Basic working knowledge of Form 1041 and estate and trust taxation.

Advanced Preparation: None

Price: $59

Douglas J. Van Der Aa, CPA, JD

Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. He has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 20 years.

Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.