Course Description:

Join this insightful webinar on Form 1041 preparation and fiduciary income taxation designed for CPAs, tax professionals, enrolled agents, and financial advisors. This session will provide a practical understanding of trust and estate taxation, including filing requirements, income distribution deductions, beneficiary reporting, and common compliance challenges. Participants will gain clarity on complex fiduciary tax rules while learning strategies to accurately prepare Form 1041 and avoid costly errors.

Through real-world examples and expert guidance, the webinar will cover key issues such as distributable net income (DNI), grantor vs. non-grantor trusts, Schedule K-1 reporting, deductions, filing deadlines, and recent tax updates affecting estates and trusts. Whether you are new to fiduciary taxation or looking to strengthen your expertise, this session will help you confidently navigate Form 1041 preparation and compliance requirements.

Session Highlights:

• Understanding the fundamentals of fiduciary income taxation

• Step-by-step walkthrough of Form 1041 preparation

• Identifying filing requirements for estates and trusts

• Grantor vs. non-grantor trust taxation explained

• Calculating distributable net income (DNI) and income distribution deductions

• Proper preparation of Schedule K-1 for beneficiaries

Learning Objectives:

• Understand the purpose and structure of Form 1041

• Determine when an estate or trust is required to file Form 1041

• Differentiate between various types of trusts and their tax treatment

• Accurately report fiduciary income, deductions, and distributions

• Calculate DNI and apply income distribution deduction rules correctly

• Prepare and interpret Schedule K-1 for beneficiaries

Credits and Other information:

• Credit: 2.0  (Taxes)

• Level: Basic

• Format: Live online webinar

• Duration: 120 minutes

• Requirement: Full attendance

• Prep: None needed

Who Will Benefit:

• CPA

• Enrolled Agents (EAs)

• Tax Professionals

• Attorneys

• Other Tax Preparers

• Finance professionals

• Financial planners

Speaker : Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression”.