Description

This session reviews the many changes in fiduciary income taxation and accounting and how it impacts Form 1041. Topics include: 1. The Uniform Fiduciary Income and Principal Act (as revised) 2. Impact of 2017 Tax Law Changes to Form 1041 deductions 3. Sec. 199A and the Form 1041 4. Including Capital Gains in DNI.

Learning Objectives:

1. To update participants on tax law changes that impact fiduciary accounting and taxation.
   
2. Gain an understanding on methods to quantify the new law changes.

Speaker(s):

• Jacqueline A. Patterson, CPA, JD, Partner, Buchanan & Patterson, LLP