CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
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Webcast

Final 1040/First 1041

Individual
Teams

$147.00

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

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CPE Credits

3 Credits: Taxes
Course Level
Overview
Format
Webcast

Course Description

Navigating the complexities of tax preparation after the death of a client is a critical skill for tax professionals. This course provides a overview of the unique tax issues that arise when a client passes away. Participants will learn how to accurately report income, deductions, and carryovers, as well as make informed decisions on tax elections. Additionally, the course will cover the essentials of filing the first Form 1041 (U.S. Income Tax Return for Estates and Trusts), including the various options available for managing estate income. By the end of this course, tax professionals will be equipped with the knowledge needed to handle these sensitive and complex tax situations with confidence and precision.

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Learning Objectives

Upon completion of this course, participants will be able to:

  • Recognize how the death of the client affects tax preparation
  • Identify issues regarding reporting income, deductions, carryovers and tax elections
  • Determine options available on the first Form 1041
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Course Specifics

Course ID
WC1825420320
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02693-25-O
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-2134
CTEC Federal Tax Law Credits: 3

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Mary Kay Foss, CPA

Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …

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