1041 Preparation and Planning Guide (2010)

Benefits and Features

 

Superior Presentation:

  • Flows logically, line-by-line through the return itself
  • Hits all the high points
  • Uses simple, straightforward and easy-to-understand language
  • It's format and organization is easy to use and easy to read
  • Large type and forms reproduced in place throughout the chapters
  • Many of the forms and schedules included are filled-in, so users can see how real-world tax scenarios flow through onto the forms themselves

 

Areas Covered Include:

  • 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