Event Description

Obtain a better understanding of trust accounting principles; how to reflect them on a trust tax return, and properly compute distribution deductions.

Enrolled Agent Approved

Designed For

CPAs and tax staff who are likely to prepare trust returns on Form 1041

Objectives

• Understand accounting for principal and income
• Understand distribution deduction

Major Subjects

• What is principal
• What is income
• Understanding the trust indenture
• Computing and reporting distribution deductions