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Webinar (CA): Form 1041 Advanced Workshop Part 1 of 4


The field of fiduciary accounting and taxation has been in transition for the past several years with updated fiduciary accounting rules and the increased tax cost of accumulating income in a non-grantor trust. The changes in the income tax rate structure both at the Federal and state levels have pulled income tax planning forward as a prime objective for estate planners and the rules and understanding of fiduciary accounting continue to be in a state of development and challenge. It is an understatement to say that fiduciary accounting and taxation has entered a new and very different phase of complexity and change. We will explore many of these issues in Parts 1-4 of Form 1041 Workshop.

Learning Objectives

• Review Issues and Updates for Fiduciary Entities • Develop an Approach to Fiduciary Accounting and Taxation
• Recognize the Tax Cost of Accumulating Taxable Income in a Trust
• Develop a modeling spreadsheet to track all the numbers

Major Topics

• The Need to Understand the Necessary Calculation for the Multiple Authorities • Modeling to Minimize the Tax Cost to the Trust while Maintaining the Grantor’s Intent
• Deep Dive into IRC Secs. 67(e) & 67(g)

California CPA Education Foundation
Course Level
CPE Field of Study
Who Should Attend

Tax practitioners, accountants and financial professionals.

Jacqueline Patterson

An understanding of the basics of Form 1041, fiduciary accounting and taxation.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Event Information
Dec 7, 2021
9:00 am - 10:50 am MDT
Total CPE Credits


$ (% off)


$ (% off)
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Webinar (CA): Form 1041 Advanced Workshop Part 1 of 4

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