November 6, 2023

Live Webcast

8 Total CPE Credits


Fiduciary Accounting & Tax Issues of Estates and Trusts (in collaboration with the FICPA)

Learning Objectives

<liDistinguish fiduciary accounting income from taxable income and distributable net income</font
</li<liAccount for distributions for accounting and tax purposes</font
</li<liIdentify how the fiduciary income tax return differs from individual income tax</font
</li<liUnderstand state law on principal and income</font </li</ul</ul

Major Topics

<liReview of major legal and tax concepts</font
</li<liConcepts of fiduciary accounting: Principal and income</font
</li<liThe Uniform Principal and Income Act: how specific state laws on principal and income applied to common expenditures and receipts</font
</li<liHow fiduciary accounting determines the timing and amount of distributions</font
</li<liThe crucial differences between fiduciary accounting and tax accounting</font
</li<liDistinguishing fiduciary accounting income from distributable net income</font
</li<liSplitting income between the fiduciary and the beneficiaries: distributable net income</font
</li<liHow to set up an accounting system for an estate or trust, prepare a judicial accounting, and record-keep for fiduciary accounting</font
</li<liHow practitioners can handle audits of estates and trusts</font
</li<liVarious exercises and problems</font </li</ul</ul

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing
  • Accounting and Auditing



Intended Audience

All practitioners who wish to learn about the complex and unique accounting issues for estates and trusts


Maryland Association of CPAs

Register For This Event

  • MACPA Member

    $ 275 275
  • MACPA Non-Member

    $ 400 400
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