Compass Tax Educators

This course provides an introduction to Subchapter J of the Internal Revenue Code and the income taxation of estates and trusts. Participants will learn how to prepare basic estate, grantor trust, and nongrantor trust tax returns.

Learning Objectives

• Describe the basic rules and concepts of fiduciary income taxation

• Define common trust terms

• Explain the “conduit” theory of fiduciary income taxation and how it operates

• Calculate taxable income and tax basis related to preparation of basic fiduciary income tax returns

Education Information

IRS Program Number: NMVBP-T-00217-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)

Field of Study: Taxes (NASBA); Federal Tax Law  Topics/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

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Course expires one year after purchase.

Instructor: Martin Finn, JD, LL.M., CPA/PFS, AEP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.