The Best Way for Tax Pros to Earn CE & CPE

4 IRS CE/CTEC/NASBA CPE*

Form 1041 can be intimidating for tax professionals who do not prepare fiduciary income tax returns every day. This practical program is designed for EAs, CPAs, and small firm tax professionals who need a clear, basic, line by line approach to fiduciary income tax preparation.

2 IRS CE/CTEC/NASBA CPE*

A client dies and the practitioner inherits a sequence of decisions: what income belongs on the final 1040 versus the estate's 1041, who signs each return, what basis applies, whether to elect a fiscal year, whether to combine a revocable trust with the estate under §645, whether to file a 706 just to preserve portability. Mistakes are often uncorrectable — losses that die with the decedent, a missed §691(c) deduction, an IRD item on the wrong return, a closed portability election.

2 IRS CE/CTEC/NASBA CPE*

Trust documents land on practitioners' desks for ordinary reasons: setting up a 1041, allocating DNI on K-1s, confirming grantor trust status, assessing a §2041 inclusion, or just identifying the right EIN. Misreading the instrument has consequences that run from a wrong taxpayer ID to a missed estate inclusion to advice that contradicts the document the client signed. The skill is unglamorous and rarely taught directly.