Form 1041 – The Fiduciary Return

Date: December 22, 2022
Time: 01:00 PM ET
Duration: 120 Minutes
Speaker: Monica Haven
CPE Credits : 2 (Taxes)



The preparation of The US Income Tax Return for Estates & Trusts (Form 1041) is an art that requires juggling oft-competing obligations between the tax authorities, personal representatives, and beneficiaries.  Many practitioners assume that “Form 1041 can’t be much different than Form 1040” but are soon overwhelmed by the intricacies of Subchapter J of the Internal Revenue Code.  This class will examine the basics of estates and trusts, provide an understanding of distributable net income (DNI) and income-in-respect of decedent (IRD), and offer a practical guide to completing the fiduciary income tax return.

Learning Objectives

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

  • Understand the timeline and tax filing requirements faced by a decedent’s personal representative.
  • Identify reportable items of income and deductible expenses.
  • Distinguish between accounting, distributable and taxable income.
  • Diligently and properly complete Form 1041.
  • Glean information from and work with related individual and estate tax forms.


Who should attend?

  • CPA’s
  • Tax Attorneys
  • Accountants
  • Tax Compliance Managers
  • Other Tax Professionals


NASBA CPE Credits: 2

Level: Beginner

Program Prerequisites: None

Advance Preparation: None


Monica Haven is an enrolled agent with J.D. and LL.M. degrees in law and taxation.  She is a nationally recognized speaker and a sought-after guest lecturer on college campuses and at community organizations.  She loves to teach and welcomes every opportunity to share her experience and expertise in the classroom, even as she maintains her Southern California tax practice which serves clients throughout the world.  Monica’s students have said she’s a “fantastic speaker” who can take “hard subjects and put them into concepts that are easy to understand.”  She is “clear, articulate and expressive” and “has energy down to the last minute of the last class of the last day.”


This program has been approved for 2 CPE credits under NASBA.