Description
Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. This course will help you understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare Form 1041 and the accompanying schedules.
- Qualifies for IRS CE
This event is part of ISCPA's 2025 Tax School - Level 2. This 3-day experience includes 4 complete courses and covers key areas that will expand the depth and breadth of your staff's tax knowledge and ensure they have the confidence and skills to work with greater independence and to expand their roles.
Designed For
Objectives
When you complete this event, you will be able to:
- Identify the elements of a trust.
- Determine where a trust has situs.
- Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).
- Identify tax payment and reporting requirements for estates and trusts.
- Distinguish between simple trusts and complex trusts.
- Determine when a grantor has a reversionary interest
- Recall how pooled income funds are taxed.
- Recall the filing requirements for estates and trusts.
Highlights
- Types of trusts
- Trustee powers
- Recognition and realization of income
- Elements of an estate
- Taxation of trusts and estates
- Basic concepts of estate planning
Advanced Prep
- Manual
- If you did not purchase a printed manual, download it from your upcoming events in "My CPE" on website, and bring it with you
- If you did purchase a printed manual and would also like an electronic copy be sure to download it
If you need this reported to the IRS for CE credit, email CPE@idcpa.org
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Leaders
Brian Gosline
Brian Gosline, CPA, JD Spokane, WA
2015 AICPA OUTSTANDING DISCUSSION LEADER AWARD RECPIENT
BRIAN G. GOSLINE's primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations. Mr. Gosline received his B.B.A. and J.D. degrees from Gonzaga University in Spokane. He is a member of the Washington State Bar Association and Spokane County Bar Association. Mr. Gosline is a C.P.A. and is a Past President of the Washington Society of Certified Public Accountants and formerly served on the Board of Directors and as Chair of numerous WSCPA Committees. He was also a member of Council of the American Institute of Certified Public Accountants, the governing body of the 412,000 member AICPA. Mr. Gosline was President of the Gonzaga University Alumni Board of Directors and a member of the Gonzaga University Board of Regents. He has served as an officer and member of numerous boards of financial institutions, non-profit and charitable organizations and is a Past President of Spokane South Little League. He has spoken before various groups on corporate and individual tax matters as well as estate and gift taxation and has written numerous articles for national and local publications involving various issues of income, estate and gift tax planning. He was named an Outstanding Discussion Leader by the AICPA for 2015. Since 1990, he has been an adjunct professor of federal taxation and business law at the Gonzaga University Graduate School of Business where he was named MACC Faculty of the Year for 2010-2011.