Learn to Manage Taxable Income, Estate or Trust Fiduciary Returns of Decedents
When a taxpayer dies, a new taxpayer is born! The type of taxpayer that is born is directly related to the estate planning of the decedent and the types of assets the decedent owned and how they were titled. Your new tax client will come under the legal and taxation rules specific to the administration of small estates, probate estates or trusts.
This session with taxation expert Vicki Mulak, EA, CFP®, will enable tax professionals to gain competencies in administration of an estate or trust and the associated tax returns, and to brush up their skills with final 1040s and fiduciary returns. Tax professionals just getting their feet wet in this very rewarding area of tax practice will also find this session indispensable. Vicki will provide examples of common scenarios with calculations and completed tax forms. She’ll also provide you with information regarding recent changes affecting how to make a late probability election.
Gain competencies in the basic administration of an estate or trust and the associated tax returns
Recognize the documents associated with court oversight of an estate and order for final distribution
Increase skill level in preparation of final 1040s for decedents and Forms 1041 for estates and trusts
NASBA & IRS Category of Study: Taxes
Who Should Attend
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Other tax professionals involved with decedent and/or fiduciary tax returns
Vicki is an Enrolled Agent and Certified Financial Planner (CFP) and owner of American Financial and Tax, a tax preparation, planning and representation firm, which was founded in Tustin, California in 1985, when Vicki became both a resident and a business owner.