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Tuesday, July 22  |  8:00 a.m. - 9:40 a.m.  |  Concurrent Session

Optimizing Trust Management and Tax Planning

2 CPE for AFSP, EA, CFP®, CPA, CRTP  

 

This course dives into the complexities of trust taxation, offering a comprehensive overview of the various types of trusts and their reporting requirements on Form 1041. Gain insights into critical calculations, including fiduciary accounting income (FAI), distributable net income (DNI) and income distribution deduction (IDD). Explore optional forms, elections and tax planning strategies through practical examples of completed work. This session equips you with the knowledge to optimize trust management and compliance. 

Objectives
Upon completion of this session, you will be able to:

  • Review the purpose of a trust and how to set it up  

  • Outline the many options and elections for taxing trusts  

  • Discuss FAI, DNI, IDD and calculating the taxes for the trust  

  • Review tax planning options and the pros and cons of trusts  

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CPE information
Duration: 100 minutes
Course level: Intermediate
Prerequisite: Basic understanding of federal income tax
Advanced preparation: None
Delivery method: Group Live

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