? Are you preparing Form 1041 for the first time? Do you need a review of what the fiduciary return involves? Estates, simple trusts and complex trusts file Form 1041/541. Learn how they differ from 1040/540.
Learning Objectives
- Determine how the raw data is presented on Forms 1041 and 541
- Recognize Simple vs. Complex Trust requirements
- Identify issues affecting trustees
Major Topics
- Obtaining an EIN
- Understanding Wills and Trusts
- Answering questions on Forms 1041 and 541
- Special income and Special deduction topics
- First and final returns
- Preparing Schedule K-1
