Fiduciary Income Taxes
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. Examples, self-check quizzes, and practice activities are used throughout the material to enhance your understanding of the concepts presented.
| Price | $215 Nonmembers / $160 Members |
| Course Credits | AIB: 0 ; ICB: 8.75 (CTFA/TAX) ; CFP: 5.0 |
| Prerequisites | None |
| Required Software | None |
| Optional Software | Adobe Acrobat Reader and RealPlayer |
Audience
This course is appropriate for Trust Officers who have already achieved a basic level of knowledge and expertise in the trust field.
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
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.