August 27, 2026

Live Webcast

2 CPE Credits

Don Farmer's Trusts, Estates & Gift Tax Forms

August 27, 2026
Live Webcast
2 CPE Credits

Don Farmer's Trusts, Estates & Gift Tax Forms

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    Instructor

    Jason
    Dinesen

    View Bio

    Jason Dinesen, EA

    Bio

    Jason Dinesen, EA is a tax practitioner and long-time presenter of continuing education courses. Jason's experience includes extensive tax preparation background in individual income taxes, and tax situations for small businesses in Dinesen Tax & Accounting, P.C., and now Dinesen Tax Advisory, LLC. Jason is an Iowa native and was president of the Iowa Society of Enrolled Agents from 2011–2017. He currently teaches on dozens of tax topics and also teaches Special Enrollment Exam (aka "the Enrolled Agent exam") review, as well as review courses for AFTR and California CTEC. He has also been an adjunct instructor at Simpson College in Indianola, Iowa, where, through 2022, he taught individual income tax and intro to business analytics.

This intermediate-level course provides a focused review of federal income and transfer tax reporting for trusts, estates, and taxable gifts. Participants will examine key reporting requirements and filing mechanics for Forms 1041 and 709, including income distribution deductions, Schedule K-1 reporting, and taxable gift calculations. The course emphasizes fiduciary accounting considerations, compliance risks, and common preparation errors. Practical examples reinforce accurate reporting and documentation standards in fiduciary and gift tax return preparation.

Learning Objectives

Identify high-risk areas for sales tax exposure and learn proactive strategies to prevent compliance issues before they arise.

Major Topics

• Overview of fiduciary and gift tax reporting framework
• Form 1041 reporting fundamentals o Gross income and deductions o Income distribution deduction (IDD) mechanics o Schedule K-1 reporting for beneficiaries
• Basic fiduciary accounting income considerations
• Form 709 reporting fundamentals o Taxable gift calculation o Annual exclusion and split-gift elections
• Common preparation errors and IRS examination focus areas

CPE Credits Available

2 CPE Credits
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax; Taxation

Prerequisites

None

Advanced Preparation

None

Provider

Don Farmer Tax Education

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