CCH Testing Center

Courseware:

Test Description:

CCH's new 1041 Preparation and Planning Guide presents a fundamental review of the rules for federal income taxation of trust and estates and clear guidance on properly preparing the Form 1041. Written by noted tax experts, commentators and educators, Sidney Kess and Barbara Weltman, the Guide's approach is concise and practical. Kess and Weltman provide precise explanation on all the essentials of fiduciary tax return preparation. Legislative and regulatory changes affecting returns, recent IRS rulings and significant court decisions are all reflected and highlighted in place throughout the text in a logical and understandable manner. The first module in this course reviews tax fundamentals for trusts and estates.

Chapter 1 (Introduction) was prepared to enable participants to gain a quick overview of the nature of the U.S. fiduciary income tax return, Form 1041.

Chapter 2 (Overview of Trusts and Estates) contains an overview of the taxation of trusts and estates.

Chapter 3 (General Information) will enable participants to begin completing the fiduciary income tax return.

Chapter 4 (Fiduciary Accounting) was prepared to enable participants to gain a concise overview of fiduciary accounting.