Part of the challenge in preparing Form 1041 is keeping up with the changes in the tax and accounting laws. This presentation reviews some of the new as well as continuing issues regarding changes in the fiduciary tax law and accounting rules. Participants will review a series of problems that specifically review the law, the necessary calculations and the presentation on Form 1041.
Review the basic approach to fiduciary accounting and taxation that continues to be relevant;
Analyze 2017 TCJA impact that includes IRC Sec. 67(g) and Sec. 199A; and
Review updates and issues in fiduciary accounting that include distributions from entities and including capital gains in DNI.