1041 Preparation and Planning Guide (2008)

Covers These Areas:

• Creation and types of trusts
• Filing requirements
• Information included in the trust
• Fiduciary accounting
• Trust income
• Deductions
• Tax and payments
• Completing the 1041 Return
• Schedules K-1 and J
• Income in respect of a decedent
• Advanced planning considerations
• Post-mortem planning opportunities

Distinctive Features Include:

• "Practice Pointers" throughout highlight special opportunities
• "Pitfalls" note critical preparer problem areas to avoid
• "Review Questions and Answers" in each chapter reinforce readers' understanding of material presented and
• improve retention
• "Chapter Highlights" sections point out relevant changes and new developments
• "Illustrative Examples" demonstrate important points and principles

Ideal For

• Staff training by accounting firms
• Ffinancial and estate planners
• Bbank trust departments
• Tax preparation firms
• Anyone who needs updated, practical guidance on completing Form 1041 tax returns.