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Description
Income Taxation of Estates
IRS Program #: X9QQU-T-01048-23-O
CTEC #: 6257-CE-0222
CE: 2 IRS & 2 CTEC
Speaker: Laura Moser Bennett
This program will discuss how to prepare form 1041 for an estate. Topics covered will be income in respect of a decedent, how estates are similar and different from individuals, deductions available to estates, required forms and planning opportunities.
Learning Objectives:
- Prepare form 1041 for an estate.
- Understand various tax elections available on Form 1041 and when to make them.
- Understand the advantages and disadvantages of electing a fiscal year.
- Assist your clients in meeting their tax obligations as personal representative.