Fiduciary Tax Workshop (659)

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Monday, June 12, 2023 8:30 AM - Monday, June 12, 2023 4:30 PM
The meeting time above is expressed in MOUNTAIN TIME, which is:
Eastern Time:
10:30 AM - 6:30 PM
Central Time:
9:30 AM - 5:30 PM
Pacific Time:
7:30 AM - 3:30 PM


This course is in the past and can no longer be purchased.


Internet Course - Live Streamed

Delivery Method:

Group Internet Based

Credit Hours:

8.0 IRS Federal Tax Law MF2AY-T-01310-23-O

CTEC Credits:

8.0 Federal Tax Law 1066-CE-0007

Field of Study:

Taxes - Technical (Estate and Trust Taxation)

Course Level:



Understanding of estate and gift taxation

General Description:

This course will enable participants to understand the principles of subchapter J and their relation to the Fiduciary Income Tax Return (Form 1041). Upon completion, participants will be able to prepare a Form 1041, understand Schedule B, and feel confident that the return has been prepared Ā­correctly.

Learning Objectives:

After completing this course the participant will be able to:

  • Describe filing requirements, estimated tax payments, adoption of taxable years, and extension requests for Form 1041.
  • Evaluate the §663(b) election and which expenses are subject to 2% AGI.
  • Calculate taxable income and tax liability for a simple trust, a complex trust, and an estate, including fiduciary accounting income and DNI.
  • Explain the difference between direct and indirect expenses and determine what expenses are chargeable to income and what expenses are chargeable to principal.
  • Apply the 3.8% Medicare tax on net investment income to an estate or trust.
  • Describe the difference between Tier 1 and Tier 2 beneficiaries.
  • Determine the tax effect of distributions of property, including the §643(e)(3) election.
  • Recognize common items that are income in respect of a decedent.
  • Describe the basic requirements for a distribution of cash or property to qualify as a gift or bequest.
  • Calculate the deduction under Ā§199A for qualified business income.
  • Discuss the tax effect of the sale of the decedent's principal residence.
  • Prepare a Form 1041 for a simple trust, a complex trust, and a decedent's estate.


Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

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