The trust instrument is a legal document that must be properly interpreted in order to prepare an accurate Form 1041 Fiduciary Income Tax Return. In this course, we examine the common provisions and people involved in an irrevocable trust and how they ultimately interact on the tax return.

Learning Objectives

  • Understand why a Form 1041 should not be prepared without first reading the governing instrument.

  • Describe the purpose of basic provisions of the trust document.

  • Identify tax consequences of those trust provisions.

  • Understand how state law interacts with the trust document.

Education Information

IRS Program Number: NMVBP-T-00221-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: IRS Federal Tax

Credit hours: 2 IRS CE

Instructor: Frank R. Acuna, Esq. Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies. 

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