Trust Basics

In this course we will talk about what makes a document a “trust” for income tax and information reporting purposes. This can be challenging because the title of a document won’t always tell us how to file for income tax purposes. We will cover the basic categories of trusts under US income tax law, and we will discuss how each category of trusts reports income.



Objectives:

1) Learn the elements of a trust for US income tax purposes
2) Spot the differences between trusts, business arrangements, and agency relationships
3) Learn about the income tax categories of trusts

This webinar offers 2 IRS CE/2 NASBA CPE Credits.