
Fundamentals of Income Taxation of Trusts & Form 1041 Planning: What Every Advisors Needs to Know
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Your clients either have or will have settled trusts and eventually will have an estate which will be subject to federal income taxation and compliance often involves unique concepts you must understand. In this exclusive LISI webinar, Bob Keebler will get you quickly up to speed on all of the vital fiduciary income tax issues you will need to master whenever you have clients with 1041 issues: Specific topics Bob will cover include the following:
· The types of trusts for income tax purposes: simple, complex, grantor, charitable
· Taxable income vs. fiduciary accounting income
· Distributable net income (DNI)
· IRC 663(b) “65-Day” Rule
· The “Tier” Rules
· The Separate Share Rule
· Passive activity rules for trusts
· 3.8% Net Investment Income Tax
· IRC §691(c) Deduction
· Deductions on termination
· QSST and EBST elections
· Grantor trust reporting
· DAPT reporting
There will be no CE for this webinar
For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.
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