This program examines the critical issues, rules, and special opportunities when preparing your clients Form 1041 U.S. Income Tax Return for Estates and Trusts. Learn what is considered taxable income; filing requirements and deadlines; impact of the 3.8% Medicare surtax on net investment income; and the 10 principles of tax accounting for trust income.


Upon completion of this course you will be able to:

  • Provide a working knowledge of tax rules and guidelines of estates and trusts returns.
  • Discuss planning and potential pitfalls.


  • 2020 and 2021 rates and brackets.
  • Calculating a trust's AGI.
  • Filing requirements, deadlines and penalties.
  • 3.8% Medicare surtax on net investment income (NII).
  • Simple vs. complex trusts.
  • Grantor Trusts: Four options to report activity.
  • Fiduciary Accounting and the 10 Principles of tax accounting for trust income.
  • Section 643 (g) Election.
  • Taxable income of trusts, estate and beneficiaries.
  • Deductions.
  • Distributions

Who Will Benefit

Experienced CPAs working with estates and trusts.


Category Amount
Accounting 2.00
Tax 2.00


  • Douglas J. Van Der Aa

    Douglas J. Van Der Aa, CPA, JD Grand Rapids, Michigan

    Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. For 10 years Doug has been a highly rated speaker and seminar leader throughout the country.

    Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

    Doug taught for ten years as an Adjunct Instructor and for one year as Assistant Professor of Accounting and Taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs. He earned his Bachelor of Arts degree with a major in accounting from Dordt College and his Juris Doctor from the University of Illinois College of Law.

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