BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Montana Society of Public Accountants - ECPv5.8.0//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:Montana Society of Public Accountants X-ORIGINAL-URL:https://mspamt.org X-WR-CALDESC:Events for Montana Society of Public Accountants BEGIN:VTIMEZONE TZID:UTC BEGIN:STANDARD TZOFFSETFROM:+0000 TZOFFSETTO:+0000 TZNAME:UTC DTSTART:20210101T000000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=UTC:20211027T080000 DTEND;TZID=UTC:20211027T170000 DTSTAMP:20211023T082412 CREATED:20210603T150426Z LAST-MODIFIED:20210603T150426Z UID:4252-1635321600-1635354000@mspamt.org SUMMARY:Income Tax for Estates and Trusts-Form 1041 By Gear Up 2021 8hr CE Credit DESCRIPTION:This course will address the 1041 head-on. Discussions will include the purposes of the fiduciary income tax return-Form 1041. As well as specialized topics such as Tier 1 and 2 distributions\, the separate share rule\, state trusts\, terminations and special needs trusts. This will be a power-packed eight hours. Coverage includes essential terminology of estates and trusts\, the essence of a trust vs. a probate estate\, simple vs. complex trusts as well as revocable vs. irrevocable trusts. Recent developments are covered including TCJA changes and IRS recent rulings regarding excess deductions on termination. What deductions are still allowed on the fiduciary income tax return after TCJA? The mysteries of “income in respect of a decedent” are plumbed. Particular attention is focused on the income distribution deduction as Form 1041 is the only place in the world of tax where this item is found. There will be a walk-through completion of Schedule B. Including all the above with an introduction to fiduciary accounting (principle vs. income)\, a brief history of the estate tax in the United States\, and trouble-shooting fiduciary problems-what to do when things go wrong. \nThis Billings Course is Live but we are also offering it as a Webinar based training (The seminar will be live Streamed). Live and online seminar participants will receive CE credits provided the attendee meets the online attendance criteria. If you are interested in joining the Billings GearUp Webinar through simulcasting (online) please indicated that when signing up for the class either online or when using the paper registration. URL:https://mspamt.org/event/income-tax-for-estates-and-trusts-form-1041-by-gear-up-2021-8hr-ce-credit/ LOCATION:Billings Hotel and Convention Center\, 1223 Mullowney Ln\, Billings\, MT\, 59101\, United States CATEGORIES:Billings Seminars ORGANIZER;CN="Montana%20Society%20of%20Public%20Accountants":MAILTO:Email: mspaemail@mspamt.org END:VEVENT END:VCALENDAR