Product Detail

Overview

Tax Compliance for Decedents Textbook (2014) - Electronic PDF Version - #4419E

This is the same book that is provided with the NATP live course and self-study course.

They say only two things are certain—death and taxes. Be prepared to assist taxpayers with tax filing before and after death. This textbook explains the basic rules for preparing a decedent's final personal income tax return, the income tax rules governing a decedent's estate and the federal estate tax return. Examples illustrating these rules by preparing Forms 1040, 1041 and 706 are presented throughout the text. Intermediate level.

Click here to view table of contents.

Some subjects covered include:

• Allocating the correct amount of income, deductions and credits on a final Form 1040
• Utilizing a decedent's net operating loss (NOL), capital loss carryovers, passive losses and other tax attributes on the final Form 1040 to minimize tax
• Identifying forms needed to finish a decedent's final return
• Calculating distributable net income, fiduciary accounting income and the income distribution deduction in compliance with both tax law and governing document
• Calculating income in respect of a decedent in compliance with both tax law and governing document
• Identifying required documents and forms for completing Form 1041 for an estate
• Identifying what is required to treat a revocable trust as part of an estate
• Determining if the estate should make an election to treat a revocable trust as part of the estate in order to minimize tax
• Accurately reporting estate interest, dividend, capital gain and miscellaneous income so the beneficiaries can accurately prepare their individual tax returns
• Choosing which form (Form 706 vs. Form 1041) to use when reporting a decedent's deductible expenses in order to minimize the decedent's overall tax burden
• Accurately completing Form 706 in order to use the portability exclusion
• Distinguishing the differences in estate tax rules between a resident and nonresident estate

The electronic books come in a PDF format and work best on computers or iPads. Check with your electronic reader user guide to see if it will support PDF formats.

After you have completed your purchase, a link to the files will be available in "My Downloads." To get to "My Downloads," make sure you are logged in to the website, go to the Tax Store webpage and you will see the "My Downloads" link on the left side of the page.

My Cart

Tax Compliance for Decedents Textbook (2014) - Electronic PDF Version - #4419E

Priced as low as:

Customer Center

Company

CPE Providers