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Accounting and Tax Planning for Estates and Trusts


Total Credits: 4 including 2 Taxes - Technical, 1 Accounting - Technical, 1 Auditing - Technical

Average Rating:
   4
Categories:
Accounting and Auditing |  Industry |  Tax
Faculty:
Doug Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
4 Hours
License:

Dates


Description

This program gives an introduction to fiduciary (book) accounting, the allocation of receipts and disbursements between income and principal under the Uniform Principal and Income Act, including how it impacts the calculation of the income distribution deduction for complex trusts on the Form 1041. Critical issues concerning preparing client's Form 1041 will be addressed, with a focus on the impact of the new Section 199A 20% deduction on trusts, estates and beneficiaries.

 

 

Basic Course Information

Learning Objectives

Upon completion of this course, you will be able to:

  • Identify financial accounting, tax rules and guidelines of estates and trusts
  • Determine potential pitfalls and planning ideas

Major Subjects
  • Introduction to fiduciary accounting
  • Distinction between "income" and "principal"
  • Discuss Uniform Principal and Income Act
  • 2019/20 rates and brackets
  • Section 199A pass-through income

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Course Materials

Faculty

Doug Van Der Aa, CPA, JD's Profile

Doug Van Der Aa, CPA, JD Related Seminars and Products


Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.


Additional Info

Basic Course Information

Advanced Preparation

None


Course Developer

Doug Van Der Aa, CPA, JD


Designed For Those seeking to grow their knowledge regarding accounting and tax planning for estates and trusts.
Yellow Book

No


Original Recording Date

09/2020


Prerequisites

Basic working knowledge of estate and trusts.


Date Added to Catalog

09/2020


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Course Registration Requirements

Online Registration


Instructional Delivery Method

Group Internet Based


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

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Overall:      5

Total Reviews: 4