Trust Tax Fundamentals
This course is designed for people who are responsible for preparing and reviewing tax returns for simple, complex, estate, and grantor trusts.
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Course Description
About Cannon's Online Experience
For LiveOnlineTM
Cannon offers three ways to experience our programs online. This course is offered through our LiveOnline™ platform.
Cannon’s LiveOnline™ is an online instructor-led course presented via webinar. Students log-in to a Cannon website (virtual campus) at a set time for a specific amount of time to engage in a lecture style format with Q&A. This is a 10-week program with classes being held once a week for 2.5 hours at a time. Students are required to complete a proctored final exam at the end of the program.
Participants receive both comprehensive coverage of the relevant laws and regulations as well as practical hands-on learning including case studies, quizzes, and examples to apply the knowledge gained during the class.
Areas of Study Include
- Understanding Trust Documents
- Introduction to Trust Taxation
- Grantor Trust rules, including intentionally defective grantor trusts
- Planning with grantor trusts
- Understanding and determining Trust Accounting Income (TAI)
- Understanding and determining Distributable Net Income (DNI)
- In-depth discussion of how and when capital gains are allocated to beneficiaries
- Complex Trust Issues/Elections
- Estate/Death Administration Trusts
- Income and deductions in respect of a decedent (IRD/DRD)
- Comprehensive Case Study
Many professionals satisfy Continuing Education and/or Continuing Legal Education requirements with this course. Rules for CE and CLE approval are time-sensitive and vary by designation and state. We encourage early registration in order to allow for ample processing (request for credits may not be available after course completion).