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1041 Preparation and Planning Guide: Module 1 (CCH Testing Center Web-Based CPE Course)

CCH's new 1041 Preparation and Planning Guide presents a fundamental review of the rules for federal income taxation of trust and estates and clear guidance on properly preparing the Form 1041.

Module 1 provides an overview of the taxation of trusts and estates. Included in this section is an explanation of fiduciary accounting.

• Chapter 1 discusses the nature of a fiduciary income tax return, the unique terminology related to the return, and general guidelines on filing.
• Chapter 2 presents an overview of different types of trusts and estates, some basic rules for trusts and estates, and the use of trusts in estate and financial planning.
• Chapter 3 gives general information about completing the return, covering the basic information on the top of page 1 of Form 1041 and the “Other Information” section on page 2 of Form 1041.
• Chapter 4 covers the nature and importance of fiduciary accounting and the impact of the Uniform Principal and Income Act on tax reporting.

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.
Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

Visit the CCH Testing Center Website For More Information, To Purchase and To Enroll.