The Complete Guide to the Preparation of Form 1041
Total Credits: 8 including 8 Taxes - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Tax | IRS Approved
- Speaker:
- Arthur Werner
- Course Levels:
- Intermediate
- Duration:
- 8 Hours
Description
Preparing Form 1041 is essential for tax professionals working with estates and trusts. This course provides a practical, step- by-step approach to completing the U.S. Income Tax Return for Estates and Trusts, covering key issues such as distributable net income (DNI), income in respect of a decedent (IRD), and tax compliance for fiduciary entities. Participants will gain a clear understanding of Subchapter J of the Internal Revenue Code and learn how to apply tax rules to real world situations. Through case studies and line-by-line instruction, this course equips professionals with the skills needed to prepare Form 1041 accurately and efficiently. Additionally, it will include updates on any new legislation or IRS guidance introduced by the current administration and its impact on fiduciary taxation.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Basic Course Information
Learning Objectives- Identify the key components of Form 1041 and their role in fiduciary taxation.
- Explain the tax implications of estates and trusts.
- Understand the fundamentals of Subchapter J of the Internal Revenue Code.
- Apply tax compliance strategies for fiduciary entities.
- Calculate and report distributable net income (DNI) and income in respect of a decedent (IRD).
- Prepare Form 1041 accurately using a line-by-line approach.
- Analyze estate documents for tax implications.
- Differentiate between various types of trusts and their tax treatment.
- Recognize common errors and issues that trigger IRS scrutiny.
- Assess how recent legislative changes impact fiduciary tax compliance.
Major Subjects
- Step-by-step Form 1041 preparation
- Key issues in decedent’s estates and trusts
- Understanding Subchapter J and its impact on taxation
- Compliance strategies for fiduciary entities
- Tax treatment of DNI and IRD
- Case studies illustrating real-world application
- Legislative updates affecting estate and trust taxation
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| IRS Credit Request Form (267 KB) | Available after Purchase | ||
Speaker
Arthur Werner Related Seminars and Products
Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Dates
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Tue, Jun 10, 2025 - 09:00am to 05:00pm CDT
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Mon, Jun 23, 2025 - 11:30am to 07:30pm CDT
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Tue, Jul 08, 2025 - 09:00am to 05:00pm CDT
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Wed, Jul 23, 2025 - 10:30am to 06:30pm CDT
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Tue, Aug 12, 2025 - 09:00am to 05:00pm CDT
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Thu, Aug 21, 2025 - 09:30am to 05:30pm CDT
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Tue, Sep 09, 2025 - 09:00am to 05:00pm CDT
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Tue, Sep 23, 2025 - 12:30pm to 08:30pm CDT
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Tue, Oct 14, 2025 - 09:00am to 05:00pm CDT
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Thu, Oct 23, 2025 - 10:30am to 06:30pm CDT
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Tue, Nov 11, 2025 - 09:00am to 05:00pm CST
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Wed, Nov 19, 2025 - 09:30am to 05:30pm CST
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Tue, Dec 09, 2025 - 09:00am to 05:00pm CST
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Tue, Dec 23, 2025 - 11:30am to 07:30pm CST
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Tue, Jan 13, 2026 - 09:00am to 05:00pm CST
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Fri, Jan 23, 2026 - 11:30am to 07:30pm CST
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Tue, Feb 10, 2026 - 09:00am to 05:00pm CST
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Mon, Feb 23, 2026 - 10:30am to 06:30pm CST
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Tue, Mar 10, 2026 - 09:00am to 05:00pm CDT
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Mon, Mar 23, 2026 - 08:30am to 04:30pm CDT
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Tue, Apr 14, 2026 - 09:00am to 05:00pm CDT
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Thu, Apr 23, 2026 - 10:30am to 06:30pm CDT
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Tue, May 12, 2026 - 09:00am to 05:00pm CDT
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Sat, May 23, 2026 - 10:30am to 06:30pm CDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For CPAs, EAs, and attorneys
Original Recording Date 10/01/25
Course Developer Werner-Rocca Seminars
Date Added to Catalog 05/01/25
Yellow Book
No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.