This book is for preparing 2021 taxes. Once a taxpayer passes away, their assets become part of their estate. Those assets can generate income, which may require the taxpayer to file Form 1041, U.S. Income Tax Return for Estates and Trusts. This textbook explains the basic rules governing the administration of a decedent’s estate. It also explains how to prepare Form 1041 for a decedent’s estate. Learn about the income and expenses, and the accounting concepts surrounding a fiduciary income tax return. Review examples throughout that culminate in a full return at the end of the book.
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Item Number: 21313
Level: Basic
Authors: NATP Staff
Published: 2021
Format: Print - 166 Pages
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