Master Trusts and Estates

Learn to navigate fiduciary returns, Form 1041, and estate tax filings with confidence.

What You'll Learn

This course is your guide to professional fiduciary tax prep. We’ll walk you through real-world examples and step-by-step filing methods. You’ll gain the skills to handle trusts and estates as a confident tax preparer or advisor.

  • Establishing trusts and understanding executor duties
  • Filing requirements and exemptions for estates
  • Special reporting for grantor trusts and IRD
  • Preparing IRS Form 1041 and all related schedules
  • Charitable deductions, Schedule B, Schedule K-1

Course Outline

  • Intro to Trusts and Estates
  • Administrative Duties of Trustees & Executors
  • Filing and Reporting Responsibilities
  • Preparing IRS Form 1041 and Schedules A, B, G, I, K-1
  • Income in Respect of a Decedent (IRD)
  • Grantor-Trust and Special Scenarios

Who This Is For

This course is perfect for:

  • Tax preparers and bookkeepers expanding their services
  • Professionals looking to understand fiduciary responsibilities
  • CPAs, EAs, and financial advisors working with estates

Trusts & Estates Course Breakdown

Master the ins and outs of trusts and estates—from creation to Form 1041—so you can serve more clients and grow your tax practice with confidence.

  • Introduction to Trusts and Estates

  • Important Terms and Definitions

  • Trust Administrative Basics

  • Establishing Trusts and Estates

  • Trustee/Executor Powers and Duties

  • Administrative Duties

  • Trust and Estate Classifications

  • Filing Requirements and Exemptions

  • Grantor-Trust Special Reporting Methods

  • Income in Respect of a Decedent (IRD)

Still more...

  • Preparing Form 1041

  • Schedule A — Charitable Deduction

  • Schedule B (IDD)

  • Other Information

  • Schedules G and I (Tax Computation)

  • Income and Principal Allocation

  • Preparing Schedule K-1

  • Review Questions

  • Learning Activity

Course curriculum

  • 1

    From 1041 - Trusts and Estates

    • Table of Contents

      FREE PREVIEW

    • Introduction to Trusts and Estates

    • Part 1 - Introduction to Trusts and Estates

    • Important Terms and Definitions

    • Part 2 - Important Terms and Definitions

    • Trust Administrative Basics

    • Part 3 - Trust Administrative Basics

    • Establishing Trusts and Estates

    • Part 4 - Establishing Trusts and Estates

    • Establishing Trusts and Estates Review

    • Trustee/Executor Powers and Duties

    • Part 5 - Trustee/Executor Powers and Duties

    • Trustee/Executor Powers and Duties Review

    • Administrative Duties

    • Part 6 - Administrative Duties

    • Administrative Duties Review

    • Trust and Estate Classifications

    • Part 7 - Trust and Estate Classifications

    • Trust and Estate Classification Review

    • Filing Requirements and Exemptions

    • Part 8 - Filing Requirements and Exemptions

    • Filing Requirements and Exemptions Review

    • Grantor-Trust Special Reporting Methods

    • Part 9 - Grantor-Trust Special Reporting Methods

    • Grantor-Trust Special Reporting Methods Review

    • Income in respect of a Decedent

    • Part 10 - Income in Respect of a Decedent

    • Income in Respect of a Decedent Review

    • Preparing Form 1041

    • Part 11 - Preparing Form 1041

    • Preparing Form 1041 Review

    • Schedule A - Charitable Deduction

    • Part 12 - Schedule A - Charitable Deduction

    • Schedule B (IDD)

    • Part 13 - Schedule B (IDD)

    • Schedule B (IDD) Review

    • Other Information

    • Part 14 - Other Information

    • Other Information Review

    • Schedules G and I (Tax Computation)

    • Part 15 - Schedules G and I (Tax Computation)

    • Schedules G and I (Tax Computation) Review

    • Income and Principal Allocation

    • Part 16 - Income and Principal Allocation

    • Preparing Schedule K-1

    • Part 17 - Preparing Schedule K-1

    • Preparing Schedule K-1 Review

    • Learning Activity Trusts and Estates

    • Learning Activity Answer Key

    • Conclusion to Trust and Estates
  • 2

    Final Exam

    • Trusts and Estates Final Exam

    • Full PDF Manual