Skip to main content
  1. Courses
  2. On-Demand Special Topics Wo...

On-Demand Special Topics Workshop: Trust Basics 

Trust Basics
Air Date: July 27, 2021 10:00 AM to 11:40 AM PT
Speaker: Michael Miranda, CPA
2 CE
IRS Program #: X9QQU-T-00792-21-S

COURSE DESCRIPTION
The tax rules that apply to a trust can be quite daunting. This program is designed for professionals with an interest in income taxation of trusts and experience with Form 1041 preparation. We will review the taxation scheme for a Trust between the taxation of the trust entity and the taxation of the beneficiary. We will discuss the unique aspects of “grantor trusts”. Let us highlight planning opportunities for trusts in your professional tax practice and show you how to increase your firm’s practice revenue.

Learning Objectives
Upon completion of the session, the participant will be able to:

  • Understand the basic concepts of federal income taxation of a Trust 
  • Understand the various types of Trusts and how each Trust type is different
  • Understand how the compute the income, deductions, and credits for a Trust 
  • Understand the significance of distributable net income (DNI) 
  • Recall the unique aspects of grantor Trusts 
  • Recall planning opportunities for Trusts

Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.

Webinar Refund Policy
To request a refund, contact the NAEA education team via email a teducation@naea.org. An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.

Interested in all of the Special Topics Workshop sessions? Purchase the bundle and receive a discount! Purchase here.