Webcast: Preparing the Decedent Final 1040 Return - Key Elections and Compliance Issues (XSPDFR17)
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Tax return preparers commonly prepare the final Form 1040 returns for their clients who have died. This program discusses that process from a detailed form completion standpoint and also covers the opportunities to minimize income tax by making elections that can result in tax savings to the decedent’s estate and for surviving family members.

 Export to Your Calendar 5/31/2017
When: 05/31/2017
12:00 PM until 2:00 PM
Where: Webcast
Surgent
PDFR-2017-01-WEBNR-151-01
United States
Presenter: Karen Davis, EA, MBA, Ph.D.


Online registration is available until: 5/29/2017
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AcronymXSPDFR17
CPE2 hours
VendorSurgent
Category
Taxation
LevelIntermediate
PrerequisiteBasic understanding of the tax rules impacting individuals
Adv PrepNone
Yellow Book?No
Designed forAny tax practitioner who prepares Form 1040 returns for deceased clientsAny tax practitioner who prepares Form 1040 returns for deceased clients
Registration
Member$89
CPA Non-Member$114

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Tax return preparers commonly prepare the final Form 1040 returns for their clients who have died. This program discusses that process from a detailed form completion standpoint and also covers the opportunities to minimize income tax by making elections that can result in tax savings to the decedent’s estate and for surviving family members.

Objectives

  • Correctly prepare a decedent's final Form 1040 return
  • Know and be able to apply the post-mortem elections that should be considered for a decedent client  

Topics

  • What should be filed and reported
  • Who must file the return
  • Income, losses and deductions to be reported
  • Estimated taxes, liabilities and refunds
  • Income in Respect of a Decedent (IRD) considerations
  • Tax filing and reporting obligations
  • Who must file the final income tax return on behalf of the decedent
  • What income, deductions, credits and losses may be taken on the decedent’s final income tax return
  • Determining what income goes on decedent's Form 1040 and what income goes on Form 1041
  • Treatment of income and deductions in respect of a decedent