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Cannon Financial Institute

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.

Select a Session:

Price: $3,360.00
registration, tuition, and materials

Exam Type: info

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).