This course will be an overview of: Trust and estate formation and purposes Form 1041 filing requirements Choice of filing period Common types of income and deductions reported on Form 1041 The impact and benefit of making certain elections (e.g., Sections 645 and 663(b) elections) Section 1014 basis adjustment reporting The allocation of income between entity and beneficiaries, and to the proper tax period The process of filling out Form 1041 WE RECOMMEND USING GOOGLE CHROME