Estate and Trust Income Taxation

Exam Questions: 60
Course Level: Basic
Pages: 278 | Content: 274, Supplemental: 4
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 5185T

This course shows you the important aspects of preparing a 2020 U.S. Income Tax return for estates and trusts on Form 1041. This course has two major components. The first component is designed to be a general overview of the responsibilities of the person in charge of the property (estate) of an individual who has died. The second component provides detailed line-by-line instructions regarding how to prepare an estate and trust income tax return. The course has numerous examples and completed forms required to file Form 1041. PLEASE NOTE: This course covers information needed to file estate and trust returns for the year ending December 31, 2020. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00410-21-S

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Course Information

Table of Contents
  • Survivors, Executors, and Administrators
  • Estate and Trust Income Tax Return Instructions for Tax Year 2020
  • To identify the responsibilities of the individual in charge of the estate of a decedent
  • To recall how to complete the returns required for both a trust and an estate, including the Form 1041 and Schedule K-1 (Form 1041)

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.