首页 >
税务 >
美国 >
Form 1041: Income Taxation of Estates and Trusts

Form 1041: Income Taxation of Estates and Trusts

作者： Stephen Brooks
出版商： John Wiley & Sons
ISBN: 9781119763796
出版时间 August 2020
规格： Paperback , 240 pages
适应领域： U.S. ? 免责申明：
Countri(es) stated herein are used as reference only

List Price: ￥1,026.00

￥995.22 Save ￥30.78 (3%)

或

下载订单表

加入收藏
| 加入比较

描述
大纲
作者

详细
Protect your clients' assets and shield their estates from increased taxation brought about by changing tax laws. This book can help you to understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. It provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. In addition, you will also learn how to prepare federal Form 1041, US Income Tax Return for Estates and Trusts.

Key topics covered include:
- How are trusts and estates taxed under the internal revenue code?
- What is a trust? What is a "simple trust?" What is a "complex trust?"
- How is the "income" of a trust or estate defined for tax purposes?
- What are the ordinary deductions and credits allowed?
- How is the "deduction for distributions" to beneficiaries determined?
- How are trust and estate beneficiaries taxed?
- What is a "grantor trust" and how is it taxed?
- How to prepare Form 1041.
Chapter 1 1-1

What is a Trust? What is an Estate? 1-1

What is a trust? 1-2

Decedent’s estates 1-15

Chapter 2 2-1

The Fundamentals of Fiduciary Accounting 2-1

Fiduciary accounting under the UPAIA 2-4

Distinguishing income from principal under the UPAIA 2-5

The allocation of disbursements 2-15

Practice exercise 2-1 2-25

Chapter 3 3-1

Taxation of Trusts and Decedent’s Estates: An Overview 3-1

Introduction 3-2

Defining passive income 3-9

Accounting periods 3-11

Section 645 election 3-12

Accounting methods 3-13

Estimated tax 3-14

Tax identification number 3-16

Chapter 4 4-1

Gross Income for Trusts and Decedent’s Estates 4-1

Items to include 4-3

Treatment of property distributed in-kind 4-6

Chapter 5 5-1

Ordinary Deductions and Credits 5-1

Trade or business expense 5-2

Income-producing activities 5-3

Interest 5-4

Taxes 5-6

Losses and bad debts 5-7

Depreciation, amortization, and depletion 5-10

Deductions and credits in respect of a decedent: Section 691(b) 5-13

Deduction for estate taxes paid: Section 691(c) 5-14

Deductions that may be allowable for estate tax purposes 5-15

Qualified business income deduction for trusts and estates 5-16

Charitable contribution deductions 5-17

Suspension of miscellaneous itemized deductions subject to the two-percent floor 5-20

Deduction in lieu of exemption 5-21

Tax credits 5-22

Chapter 6 6-1

The Income Distribution Deduction 6-1

Defining DNI 6-2

Distinguishing simple trusts from complex trusts 6-4

Section 651(a): Deduction for distributions to beneficiaries of a simple trust 6-5

Section 661(a): Deduction for distributions of complex trusts and decedent’s estates 6-9

Practice exercises 6-14

Chapter 7 7-1

How Beneficiaries are Taxed 7-1

The taxation of a simple trust beneficiary 7-2

The taxation of complex trust and estate beneficiaries 7-7

Practice exercises 7-13

Chapter 8 8-1

Special Rules Round-Up 8-1

Unused deductions passed through to beneficiaries upon termination of an estate or trust 8-2

The throwback rules 8-3

Special rules applicable to Sections 661 and 662 8-5

Practice exercise 8-1 8-10

Chapter 9 9-1

The Tax Treatment of Grantor Trusts 9-1

When is a grantor treated as an owner? 9-3

Reversionary interests 9-7

Power to control beneficial enjoyment 9-9

Retention of administrative powers 9-13

Power to revoke 9-15

Income for benefit of grantor 9-16

Person other than grantor treated as substantial owner 9-18

Foreign trusts having one or more U.S. beneficiaries 9-19

Chapter 10 10-1

Taxation of Special Trusts 10-1

Pooled income funds 10-2

Electing small business trusts 10-5

Bankruptcy estates 10-11

Special rule for certain revocable trusts: Section 645 10-14

Chapter 11 11-1

Filing Form 1041: U.S. Income Tax Return for Estates and Trusts 11-1

Who must file 11-2

Method of reporting for grantor trusts 11-4

Pooled income funds 11-7

Electing small business trust 11-8

Bankruptcy estate 11-10

Other types of trusts 11-12

When to file 11-13

Who must sign 11-14

Interest and penalties 11-15

Appendix A A-1

Form 1041: U.S. Income Tax Return for Estates and Trusts A-1

Glossary Glossary 1

Index Index 1

Solutions Solutions 1

Chapter 1 Solutions 1

Chapter 2 Solutions 3

Chapter 3 Solutions 6

Chapter 4 Solutions 7

Chapter 5 Solutions 8

Chapter 6 Solutions 9

Chapter 7 Solutions 18

Chapter 8 Solutions 21

Chapter 9 Solutions 23

Chapter 10 Solutions 25

Chapter 11 Solutions 26
The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.

你可能需要


The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition): List Price: ￥508.25

￥493.00 Save ￥15.25 (3%)


Hong Kong Tax & Accounting Practical Toolkit (Basic Package): ￥3,229.05


Hong Kong Company Secretary Checklist, 2nd Edition: List Price: ￥1,311.00

￥1,271.67 Save ￥39.33 (3%)


Law of Companies in Hong Kong, 4th Edition (Hardcopy + e-Book): List Price: ￥3,325.00

￥3,225.25 Save ￥99.75 (3%)


Butterworths Hong Kong Discrimination Law Handbook, 4th Edition: List Price: ￥1,425.00

￥1,282.50 Save ￥142.50 (10%)


Sentencing in Hong Kong, 11th Edition: List Price: ￥3,401.00

￥3,060.90 Save ￥340.10 (10%)


Butterworths Hong Kong Company Law (Winding-Up and Miscellaneous Provisions) Handbook, 6th Edition: List Price: ￥2,166.00

￥1,949.40 Save ￥216.60 (10%)


Butterworths Hong Kong Company Law Handbook, 26th Edition: List Price: ￥4,180.00

￥3,762.00 Save ￥418.00 (10%)


Cross-Border Crime in Hong Kong: Extradition, Mutual Assistance & Financial Sanctions, 3rd Edition: List Price: ￥1,976.00

￥1,916.72 Save ￥59.28 (3%)


Clough & Clough on Personal Injuries: List Price: ￥1,425.00

￥1,382.25 Save ￥42.75 (3%)


Hong Kong Personal Insolvency Manual, 3rd Edition: List Price: ￥1,900.00

￥1,843.00 Save ￥57.00 (3%)


Butterworths Hong Kong Conveyancing and Property Law Handbook, 6th Edition: List Price: ￥1,710.00

￥1,658.70 Save ￥51.30 (3%)


A Practical Guide to Resolving Shareholder Disputes, 2nd Edition: List Price: ￥1,710.00

￥1,658.70 Save ￥51.30 (3%)


Tort Law in Hong Kong, 5th Edition (Hardcopy + ebook): List Price: ￥2,375.00

￥2,303.75 Save ￥71.25 (3%)


Company Law in Hong Kong: Practice and Procedure 2023 (Hardcopy + e-Book): List Price: ￥3,038.10

￥2,946.96 Save ￥91.14 (3%)


Company Law in Hong Kong: Insolvency 2023 (Hardcopy + e-Book): List Price: ￥2,700.85

￥2,619.82 Save ￥81.03 (3%)


Hong Kong Company Law, 15th Edition: List Price: ￥467.40

￥453.38 Save ￥14.02 (3%)


Private Equity in Hong Kong and China, 4th Edition: List Price: ￥1,900.00

￥1,843.00 Save ￥57.00 (3%)


Butterworths Hong Kong Company Law Handbook, 25th Edition: List Price: ￥4,275.00

￥4,146.75 Save ￥128.25 (3%)


Hong Kong Family Court Practice, 4th Edition: List Price: ￥2,565.00

￥2,488.05 Save ￥76.95 (3%)

“

Ordering from Professional Bookshop is fantastic, quick delivery great products, great customer service Siti L.
This is a great bookstore and have had no problems with them and all my orders have come on time and in good condition. Yang X.
Everything is perfect. Fast delivery. I highly recommend this website to all my friends and colleagues. Thanks Hoi Man L.
So thankful I am receiving all my books, thank you to all for a great service and excellent products Clinton K.
Professional Bookshop is amazing! I've been a loyal customer for over 5 years. Returns are easy to request, book or delivery complaints are taken seriously and the customer service team is friendly and patient. Mick D.
I wanted to informed you that the customer service is excellent. They were so polite and nice. I would continue to buy books from Professional Bookshop. Jingsong C.
Fast and quick service. Easy transaction method, arrived sooner than expected. Excellent packaging and the books received are in perfect condition! Thank you very much! I love the book and its quality. Saori B.
I can order any accounting books from worldwide from Professional Bookshop. Love this website and save my time to search from internet. Lingxiao R.
It is just so easy to find what you are always looking for and sometimes you can even find it up to 80% off what you would in the normal store. Graeme R.
I love shopping on Professional Bookshop! They have a wide range of accounting book with competent prices. Free shipping in Hong Kong is also really handy! Fergus Y.
Professional Bookshop is a great bookstore, I must say. Buying books in Professional Bookshop is so easy, great and reliable. It is highly recommendable. Deborah D.
A great site to shop accounting books and everything and with discountable prices. It’s my first choice whenever i want to shop something. Most trusted site. Zeng Z.
I found the books I needed and at a very low price. I am very happy and will definitely use it in the future Brian W.
I have been using Professional Bookshop for a while now. I am very impressed with customer service and delivery. When I need to have a return it is done very diligently. Olivia L.
Professional Bookshop is my default go to for finding the best prices and reading details of law books before buying. Detailed book description is very helpful. Tracy W.
I've been using Professional Bookshop since 2011 and they actually great, I always received great service and my book arrives on time. Lisa C.

所有书籍

Form 1041: Income Taxation of Estates and Trusts

Free delivery Hong Kong?

详细

你可能需要

What Our Customers Say?

所有书籍

Form 1041: Income Taxation of Estates and Trusts

Free delivery Hong Kong?

详细

你可能需要

What Our Customers Say?

video title