My Profile   |   Contact Us   |   Your Cart   |   Sign In
Comprehensive Accounting Issues of Estates & Trusts: Fiduciary Accounting and Tax Issues (FACT14)
Tell a Friend About This EventTell a Friend
 

Fiduciary income tax is a complex blend of state accounting rules and the tax law of Subchapter J. Only by understanding this interaction can the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure to be an important skill in practice in the new income tax environment.

11/13/2014
When: 11/13/2014
8:30 AM until 4:30 PM
Where: Holiday Inn
4848 Constitution Ave.
Baton Rouge, Louisiana  70808
Presenter: David F. Jarmusz


Online registration is closed.
« Go to Upcoming Event List  

Fiduciary income tax is a complex blend of state accounting rules and the tax law of Subchapter J. Only by understanding this interaction can the practitioner acquire the skills and knowledge to provide income tax planning for an estate or trust and its beneficiaries, sure to be an important skill in practice in the new income tax environment.

 

Designed for: All practitioners who wish to learn about the complex and unique accounting issues for estates and trusts

 

Objectives:

  • Distinguish fiduciary accounting income from taxable income and distributable net income 
  • Account for distributions for accounting and tax purposes 
  • Identify how the fiduciary income tax return differs from individual income tax
  • Understand state law on principal and income 

 

Highlights:

  • Review of major legal and tax concepts 
  • Concepts of fiduciary accounting: Principal and income 
  • The Uniform Principal and Income Act: how specific state laws on principal and income applied to common expenditures and receipts 
  • How fiduciary accounting determines the timing and amount of distributions
  • The crucial differences between fiduciary accounting and tax accounting 
  • Distinguishing fiduciary accounting income from distributable net income 
  • Splitting income between the fiduciary and the beneficiaries: distributable net income
  • How to set up an accounting system for an estate or trust, prepare a judicial accounting, and record-keep for fiduciary accounting 
  • How practitioners can handle audits of estates and trusts 
  • Various exercises and problems 

Requisite Knowledge: Basic knowledge in estate and retirement planning

 

Speaker: David F. Jarmusz

Vendor: Surgent McCoy

Field of Study: Accounting & Auditing

Level: Basic

CPE Credits: 8

 

Registration Fees:

 

Members

CPA Non-Members

Early Bird (through 10/29)

$276

$376

Standard (after 10/29)

$326

$426

Community Search
Sign In


Forgot your password?

Not a member? Join now!

News & Tax Alerts
CPE/Events

Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


Advertise/Exhibit

Classifieds

CPA Locator

Press Room

Staff Directory

Facility Rental

Privacy & Terms

About LCPA