Final 1040/First 1041 ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $375.00
Non-Member Price $431.00
Overview
Navigating the complexities of tax preparation after the death of a client is a critical skill for tax professionals. This course provides an overview of the unique tax issues that arise when a client passes away. Participants will learn how to accurately report income, deductions, and carryovers, as well as make informed decisions on tax elections. Additionally, the course will cover the essentials of filing the first Form 1041, including the various options available for managing estate income. By the end of this course, tax professionals will be equipped with the knowledge needed to handle these sensitive and complex tax situations with confidence and precision.
Highlights
The complexities of tax preparation after the death of a client.
Prerequisites
None.
Designed For
CPAs.
Objectives
Recognize how the death of the client affects tax preparation. Identify issues regarding reporting income, deductions, carryovers and tax elections. Determine options available on the first Form 1041.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Mary Kay Foss, California CPA Education Foundation
Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California. Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is a member of the AICPA Trust, Estate and Gift Tax Technical Resource Panel and has been quoted in California CPA magazine, as well as national publications.
Non-Member Price $431.00
Member Price $375.00