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Income Taxation of Estates

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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.

Contributors

  • Laura Moser Bennett, EA, NTPI Fellow

    Laura entered the accounting field in 1999. In 2018, she joined Blackman and Sloop as a Senior Tax Associate. Today, she serves the firm as a Senior Tax Manager. In this capacity, Laura specializes in working on tax engagements for estates, trusts, and high net worth individuals.

    With more than two decades of experience, Laura is an enormous asset to the firm and her clients. She is a thoughtful, kind, and trustworthy professional who always manages to maintain a positive attitude. Laura considers her clients to be her extended family, and without them, her career simply would not be possible. She attributes her career success to her family, friends, and coworkers, all of whom guided her and helped shape her into the individual that she is today.

    Originally from Graham, North Carolina, Laura currently lives in Burlington with her husband, Anthony. They have two sons, Gabe and Grayson, and a Labrador Retriever named Maverick. Laura loves Burlington because of its smalltown atmosphere—everyone knows everyone. Outside of the office, Laura loves spending time with her family and friends. When she has the opportunity to travel, she loves going to Florida to visit Disney, Universal Studios, and the beaches.

    Memberships:

    • American Institute of Certified Public Accountants (AICPA)
    • National Association of Enrolled Agents (NAEA)
    • North Carolina Society of Enrolled Agents (NCSEA)
      • President
      • Membership Committee Chair
      • Secretary of Askew Foundation Scholarship Committee
    • Providence Memorial Association
      • Treasurer
    • Parent Teacher Association of Altamahaw Ossipee Elementary
      • Treasurer
    • UNC Chapel Hill Alumni Association

    Education:
    • University of North Carolina – Chapel Hill
    • achelor of Art in Economics – 1994
    • University of North Carolina – Greensboro
    • Bachelor of Science in Accounting – 1997
    • Master of Science in Accounting – 1999

November 7, 2023
Tue 3:00 PM EST

Duration 2H 0M

This live web event has ended.