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Fiduciary Income Tax

Course List | ABA Member Registration | Non-Member Registration

Fiduciary Income Tax provides you with an understanding of tax terminology and concepts applicable to estates and trusts. The course describes how to calculate the various measures of income and deductions related to income taxes.

Price $215 Nonmembers / $160 Members
License Option Courses are also available at discounted prices under an annual license.  Learn More
Course Credits AIB: 0.25 ; ICB: 2.25 CTFA/TAX, CISP; CFP: 2.0
Prerequisites None
Required Software None
Optional Software Adobe Acrobat Reader and RealPlayer

Audience

Trust Officers who have completed Building Trust Expertise Level 1 and  have at least 2 years experience in the trust field working with trust clients and their families and/or advisors.

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.