Estate & Trust Primer

Course Details


Friday, June 11, 2021

7:00am – 11:00am (Registration: 4:12pm)



Field of Study


CPE Credit

4 hours CPE credit

Level of Knowledge





Basic knowledge of individual income taxation


Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. This webcast will help you to understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The webcast provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare federal Form 1041 and the accompanying schedules.


* How trusts and estates are taxed under the internal revenue code *What is a trust, a simple trust and a complex trust *How the income of a trust or estate is defined for tax purposes *What the ordinary deductions are and what credits are allowed *How the deduction for distributions to beneficiaries are determined *How trust and estate beneficiaries are taxed *What a "grantor trust" is and how it is taxed *How Form 1041 is prepared


 Identify the concepts of federal income taxation of estates and trusts.  Calculate the gross income of trusts and estates.  Recall which deductions and credits are allowed for estates and trusts.  Recall distributable net income and understand its significance.

Designed For

CPAs, enrolled agents, and financial planners with basic knowledge of federal income tax concepts, and an interest in Income Taxation of Estates and Trusts and preparing Form 1041.

Registration for this course has passed.

Course Pricing

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Non-Member Fee

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