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The Unique Tax Accounting Issues in Estates and Trusts (LITX06/25)

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