CPE & Events Catalog
Don Farmer's Trusts, Estates & Gift Tax Forms VIRTUAL
This intermediate-level course provides a focused review of federal income and transfer tax reporting for trusts, estates, and taxable gifts. Participants will examine key reporting requirements and filing mechanics for Forms 1041 and 709, including income distribution deductions, Schedule K-1 reporting, and taxable gift calculations. The course emphasizes fiduciary accounting considerations, compliance risks, and common preparation errors. Practical examples reinforce accurate reporting and documentation standards in fiduciary and gift tax return preparation.
Learning Objectives
Upon completion of this course, participants will be able to:
1. Identify key reporting components of Forms 1041 and 709
2. Distinguish fiduciary income tax reporting from transfer tax reporting
3. Apply income distribution deduction rules and Schedule K-1 reporting requirements
4. Analyze taxable gift reporting and annual exclusion considerations
5. Recognize common compliance risks and filing errors in fiduciary and gift tax returns
Highlights
This intermediate-level course provides a focused review of federal income and transfer tax reporting for trusts, estates, and taxable gifts. Participants will examine key reporting requirements and filing mechanics for Forms 1041 and 709, including income distribution deductions, Schedule K-1 reporting, and taxable gift calculations. The course emphasizes fiduciary accounting considerations, compliance risks, and common preparation errors. Practical examples reinforce accurate reporting and documentation standards in fiduciary and gift tax return preparation.
Field of Study: Taxation
Who Should Attend
CPAs and tax professionals who prepare or review Form 990 filings or encounter international information reporting requirements in client engagements and seek a practical review of reporting mechanics and compliance considerations.
Required Knowledge
Working knowledge of federal income taxation and familiarity with business entity tax reporting.
