How to Save Time and Taxes Preparing Fiduciary Income Tax Returns

Comprehensive coverage of the federal estate tax with schedule-by-schedule preparation guide to Federal Form 706.
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Print Book: 1 volume; looseleaf; updated twice per year
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Comprehensive coverage of the federal income taxation of trusts and estates, with an item-by-item, line-by-line preparation guide to Federal Form 1041. Provides the background necessary for effective tax planning.

  • Taxable status of trusts and estates, filing requirements, income and deductions
  • Tax treatment of beneficiaries, including distributable net income (DNI), distributions in kind, and income in respectof a decedent (IRD)
  • Decedent's final return
  • Grantor trust rules
  • Alternative minimum tax as it applies to trusts, estates and beneficiaries
  • Examples and planning notes that highlight useful techniques and warn against pitfalls
  • Summary of each state's fiduciary income tax rules

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  • Chapter 1 Trust or Estate as Taxable Entity
    Chapter 2 Filing Requirements
    Chapter 3 Income
    Chapter 4 Deductions and Credits
    Chapter 5 Filing the Return and Paying the Tax
    Chapter 6 Throwback Rules
    Chapter 7 Alternative Minimum Tax
    Chapter 8 Grantor Trust Rules
    Chapter 9 Distributable Net Income (DNI)
    Chapter 10 Distributions of Property in Kind
    Chapter 11 Income and Deductions in Respect of a Decedent (IRD and DRD)
    Chapter 12 The Charitable Deduction
    Chapter 13 Filled-In Form 1041 and Related Schedules
    Chapter 14 Basis of Donated and Inherited Property
    Chapter 15 Simple Trusts and Their Beneficiaries
    Chapter 16 Complex Trusts, Estates and Their Beneficiaries
    Chapter 17 Final Return of Decedent
    Chapter 18 Income Taxation of Charitable Trusts
    Chapter 19 U.S. Income Taxation of Foreign Trusts, Estates and Beneficiaries
    Chapter 20 State Fiduciary Income Tax Returns
    Chapter 21 The Bankruptcy Estate
    Chapter 23 Federal Wealth Transfer Taxation in 2010

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