The calculation of trust accounting income is essential to the administration and taxation of trusts. This session will provide a broad overview of the UPIA and how trust accounting income is calculated and how it is different from distributable net income and taxable income. The program will highlight the most important features of the UPIA that CPAs must know.
Learn what the Uniform Principal and Income Act is and how it affects trust administration and taxation
The program will highight the most important things a CPA should know about the UPIA