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Fiduciary income tax is probably the most complicated and least understood portion of the Internal Revenue Code. Walk through some of the most frequent day-to-day issues encountered by the CPA including: - The application of the passive loss rules to estates and trusts - Handling partnerships and S corporations on a fiduciary income tax return - Income in respect of a decedent and the Section 691(c) deduction - The fiduciary income tax charitable deduction and when a trust or estate is entitled to the deduction - The effect of the death of a beneficiary on the distribution of distributable net income - Handling excess deductions, NOLs and capital loss carryovers on termination of an estate or trust - When capital gains are included in distributable net income - Operation of the separate share rule