Death and Taxes: Decedent Tax Attributes, and Estate vs. Trust Fiduciary Returns

Duration: 120 Minutes
This webinar will help you to increase competency in preparation of Final 1040 returns and fiduciary returns
Trust Fiduciary Returns
Instructor: Vicki L Mulak
Product ID: 508192
Objectives of the Presentation
  • Gain competencies in the basic administration of an estate or trust and the associated tax returns
  • Recognize the documents associated with court oversight of an estate and order for final distribution as well as certification of trust, and small estate affidavit
  • Increase skill level in preparation of final 1040s for decedents in recognizing special deductions and management of carryovers
  • To understand the differences in Form 1041 preparation for estate vs. trust
  • Awareness of recent favorable deadlines for portability elections and simplified reporting available for certain filers
Why Should you Attend
When a taxpayer dies, a new taxpayer is born! The type of taxpayer that is born is directly related to the estate planning of the decedent and the types of assets the decedent owned and how they were titled. Your new tax client will come under the legal and taxation rules specific to the administration of small estates, probate estates or trusts. This session will serve as a tutorial for the tax professional that wants to brush up their skills with final 1040s and fiduciary returns, as well as the tax professional just getting their feet wet in this very rewarding area of tax practice.

Areas Covered
  • Special issues with final 1040 returns
  • Wages received after death
  • Estate vs. trust administration
  • Simplified reporting available when filing Form 706 for portability election
Who will Benefit
  • CPAs
  • EAs
  • Attorneys
  • Fiduciaries
  • Tax preparers
$200
Recorded Session for one participant
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How it works
Live Session - How it works
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  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Vicki is an Enrolled Agent and Certified Financial Planner (CFP) and owner of American Financial and Tax, a tax preparation, planning and representation firm, which was founded in Tustin, California in 1985, when Vicki became both a resident and a business owner.

Vicki is a well-known presenter on federal and California tax law with audiences at continuing education events hosted by various practitioner organizations. She is also an author of numerous articles that have appeared in various practitioner journals.

In addition to her private practice, Vicki has served on two of the three California state tax agency advisory boards: The California Franchise Tax Board Advisory Board since 2010 - 2017 and the Employment Development Department's Small Business Employer's Advisory Committee since 1997. She has been honored with numerous awards for distinguished service in legislative advocacy and educational goals from the Enrolled Agent Associations, NAEA and CSEA.

She resides with her husband, George, in Tustin.
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