With income tax now more important than estate tax for most of your clients, and the
burgeoning number of decedents’  trusts and estates, you need to know…

How Trusts and Estates Are Income Taxed Differently (and the Planning Opportunities for Your Clients!)

Whether you’re a CPA, EA or tax preparer - - or an estate planning attorney or financial advisor - - this program can benefit you and your clients.

If you are a CPA, EA, or tax preparer, understanding how to properly prepare the Form 1041 (Federal Income Tax Return for Estates and Trusts) is both a necessity (to avoid malpractice) and an opportunity to expand your practice (and your bottom line!).

If you’re an estate planning attorney or financial advisor, understanding Trust and Estate income taxation is essential to good estate plan design, drafting and administration.

Unfortunately, unless you’ve attended an LL.M. or MBT program, you probably never learned the basics of Trust and Estate income taxation and the tax planning opportunities available.

Now you have a time-efficient way to do so.

Join us and one of the nation’s leading tax experts - - Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA - - on special 2-part presentation entitled, “The Basics of Trust & Estate Income Taxation”.

On these two 90-minute programs, Bob Keebler (in his usual to-the-point and understandable teaching style) will cover just what you “need to know” about:

  • The core concept unique to Trust and Estate income taxation - - “DNI”
  • How different types of Trusts are treated differently for income tax purposes (“simple” vs. “complex” vs. “grantor” vs. charitable)
  • The interplay between “fiduciary accounting income”, taxable income, the income “tier” rules and the “separate share” rule
  • Planning Trust and Estate distributions to shift income and maximize the use of lower brackets
  • How to utilize the “65 day” rule to defer distributions and still shift income after the tax year is over
  • Unique limitations on “miscellaneous itemized” deductions
  • How to take advantage of the overlooked “IRD” deduction
  • What happens to excess deductions on termination of a Trust or Estate
  • Reporting (and better yet, planning to avoid) the “Obamacare” 3.8% surtax on net investment income
  • The incredibly complex Grantor Trust rules - - finally explained simply!
  • Accounting in the year of death - - a mini to-do list, including the interaction of the 1040, 1041 and 706
  • State income tax planning for Trusts
  • The overlooked income tax issues of Domestic Asset Protection Trusts
  • Plus, Bob will provide you with 5 comprehensive examples of how to prepare a 1041 (or, if you don’t prepare them, how to read them), including a line-by-line explanation of completed forms!

Your purchase includes: Downloadable PDF handout materials and MP3 audio recording. A PDF transcript may be added on for an additional fee during the checkout process.

  • Program Title: The Basics of Trust and Estate Income Taxation
  • Speaker:
  • Duration: 90 minutes


Includes: Downloadable PDF handout materials and MP3 audio recording. A PDF transcript may be added on for an additional fee during the checkout process.



Robert S. Keebler

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

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA 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 Planning Counsels. 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. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer…


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.