Fiduciary Income Taxes
Course Catalog | ABA Member Registration | Non-Member Registration
Fiduciary Income Taxes provides you with an understanding of tax terminology and concepts applicable to estates and trusts. The course contains detailed information regarding fairly complex concepts.
| Price |
$215 Nonmembers / $160 Members |
| Course Credits |
AIB: 0.5 ; ICB: 8.75 CTFA/TAX; CFP: 2.0 |
| Prerequisites |
None |
| Required Software |
None |
| Optional Software |
Adobe Acrobat Reader and RealPlayer |
Audience
Trust Officers who have already achieved a basic level of knowledge and experience in the trust field, have worked with trust clients for a minimum of three (3) years, and have a basic understanding of Fiduciary Accounting.
Learning Objectives
After completing this course, students will be able to:
- Distinguish between simple and complex trusts
- Explain the concept of the fiduciary account as a conduit
- Explain the basic concept and purpose of distributable net income (DNI)
- Calculate trust accounting income
- Calculate distributable net income (DNI)
- Calculate the distribution deduction
- Determine the amount of income taxable to each beneficiary
Questions? Please contact training@aba.com for more information.
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