During this course, we will define estates, a short tax year, distributions in kind, discretionary income distributions, and irrevocable and revocable living trusts. The instruction also includes identification of the duties of the fiduciary, characteristics of other types of trusts, purpose of the probate court and income distribution deduction, and options for IRA’s inherited by Continue reading "1041’s for Trust & Estates – REBROADCAST"...

This course explains what constitutes reasonable compensation and how to calculate it for an officer. It also explains the positive and negative aspects of paying an unreasonable high or low amount of officer compensation, including potential penalties.

This manual is a reference for tax professionals preparing individual returns with guidance for which IRS forms need to be filed for individual US taxpayers, as will as which forms need to be filed directly with FinCen.