What Every Advisors Needs to Know About
Preparing and Filing Form 1041 Returns

Over the course of the next several months you will likely be preparing and reviewing many 1041 returns.  Even experienced practitioners will benefit from a review of these complex returns, while newer attorneys, CPAs and trust experts will want to establish a solid fiduciary tax foundation. It is critical to understand who pays taxes for ongoing trustee and who pays income taxes during an estate administration. Even if you do not prepare the returns an understanding of the flow of income from a trust to the beneficiary is critical for both attorneys and trust officers.

This is why we’ve brought in one of the nation’s leading experts, nationally renowned CPA and tax expert, Robert S. Keebler, CPA/MST, AEP (Distinguished), CGMA, to help practitioners get quickly up-to-speed and the information they need to master the fiduciary income tax issues and the traps and tricks to be wary of while completing 1041 returns.  This is why you will want to tune into Bob’s presentation entitled, “Fundamentals of Income Taxation of Trusts: 2024 Update for 2023 Form 1041 Returns”.

During this  90-minute presentation, you will learn:

  • The types of trusts for income tax purposes: simple, complex, grantor, charitable and fiscal year elections
  • Taxable income vs. fiduciary accounting income
  • Distributable net income (DNI) including IRAs
  • IRC 663(b) “65-Day” Rule
  • The “Tier” Rules for DNI
  • The Separate Share Rule for DNI
  • Passive activity rules for trusts and estates
  • 3.8% Net Investment Income Tax and the traps
  • IRC §691(c) Deduction including large IRAs
  • Deductions on termination
  • QSST and EBST elections
  • Difficult 642(c) charitable issues
  • Grantor trust reporting
  • DAPT reporting
  • Kenan  losses and the 267(b)(13) related party rules
  • And much, much more!

Your purchase includes an instantly downloadable MP4 video and audio recording, and PDF handout materials. A PDF transcript is available as an add-on for an additional fee.

  • Program Title: Fundamentals of Income Taxation of Trusts: 2024 Update for 2023 Form 1041 Returns
  • Speaker:
  • Duration: 90 minutes


Includes: MP4 Video (and Audio) Recording of Presentation plus PDF handout materials.

NOTE: PDF Transcript available as an add-on for an additional fee during checkout.



Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished)
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue…


The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.