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TaxSpeaker 4 Nights of 1041's for Trusts & Estates - Webinar
Monday, August 22, 2022, 3:00 PM to Thursday, August 25, 2022, 5:00 PM PDT
Category: Events

TaxSpeaker 4 Nights of 1041's for Trusts & Estates 

Presented by Washington Association of Accounting and Tax Professionals and TaxSpeaker

 

Monday, August 22 - Thursday, August 25, 2022  ( 2 hours per night ) - Webinar 

 

Event schedule: 

  • Session begins : 03:00 pm
  • Session ends : 05:00 pm

 

Speaker: TaxSpeaker Presenters 

   Bill Leonard CPA, MAFF, CGMA 

  

 

Location: LIVE Webinar

 

CPE Credits: 8 IRS Approved Update Tax Hours 

 

Description: 

When it comes to protecting and optimizing your clients’ trusts and estates, trust TaxSpeaker’s expertise. Our 1041’s for Trusts and Estates course is led by Bill Leonard, CPA, who is not only a practicing tax professional but also is Taxspeaker’s expert on trust and estate tax matters.

Beginning with a discussion of when returns are required, he guides participants through the 1041 tax preparation maze with hands-on guidance regarding types of trusts, return preparation, compliance, allocations, and distributions. In addition, we’ve taken care to update this course with 2021 and 2022 changes to estate planning rules, administration, and accounting in 1041’s, plus practical tips to plan throughout the workday.

During this course, we will define estates, a short tax year, distributions in kind, discretionary income distributions, and irrevocable and revocable living trusts. The instruction also includes identification of the duties of the fiduciary, characteristics of other types of trusts, purpose of the probate court and income distribution deduction, and options for IRA’s inherited by a spouse. Upon completion, attendees will also have thorough competence to determine qualifiers of a grantor trust, how to compute amortization allowances, what qualifies as IRD, and the advantages of revocable living trusts.

Online webinars will receive the PDF version of the manual.

 

You will be challenged and intrigued by this popular TaxSpeaker course.

Attendee Requirements:

Live Streamed attendees: You must have a high speed internet connection, speakers connected to your computer, headphones or call in for audio and a monitor.
If you have more than 1 person PAID FOR and REGISTERED for the streaming webinar and all would like to watch from the same computer, please complete the Proctor Form and return to us AFTER completion of the webinar in order to receive CPE credit.
You can log in 10 minutes early. Please note-you will not see or hear the speaker until the prompt start time.
Course Objectives:
Upon completion of this course
1. Define estate
2. Identify the duties of the fiduciary
3. Identify the characteristics of QSSTs
4. Determine what qualifies as a grantor trust
5. Identify the qualities of estates and trusts
6. Identify the purpose of the probate court
7. Identify the purpose of the Income Distribution Deduction
8. Determine how to compute amortization allowances
9. Define short tax year
10. Determine what qualifies as IRD
11. Identify the options for IRAs inherited by a spouse
12. Define distributions in kind
13. Define discretionary income distributions
14. Define Irrevocable Living Trusts
15. Determine the advantages of Revocable Living Trusts
and much more..

 

Prerequisites:

2 - 4 years tax preparation experience.

Course Level:

Intermediate

 

Registration fee: 

WAATP members : $325

Non-members : $325

Join WAATP today to receive numerous discounts. 

 

 

 

 

Disclaimer:

Fees and Schedule - This Taxspeaker Internet-Live webcast will begin and end promptly at stated time. All 8-hour webcasts will break for lunch, and have 2, 10-15 minute breaks. 

 Attendees must answer 75% of all polling questions given during the day to obtain the full hours of CPE Credits.

 Cancellation and Refund Policy: Registration fees will be refunded in full for up to 3 days in advance of the seminar. Registrations may be transferred 1-3 days prior to the seminar date. NO REFUNDS/TRANSFERS WILL BE ISSUED AFTER THE SEMINAR MATERIALS AND WEBINAR LINK HAS BEEN SENT AND THE SEMINAR BEGINS. NO EXCEPTIONS

 

ALL OF OUR TAX COURSES HAVE IRS APPROVAL UNLESS OTHERWISE NOTED**

 

 

Updated July 26, 2022

 


Contact: WAATP Office - [email protected] - 509-993-2307