Fiduciary Income Tax

ABA SELF-PACED ONLINE TRAINING

Describes different types of taxes that estates and trusts are subject to and how the various entities are taxed. Explains taxation associated with grantor and tax-exempt charitable trusts and describes the general tax rules. Identifies income tax deductions available to individuals, trusts, and estates. Defines trust accounting income and explains distribution deduction for simple and complex trusts and distributable net income (DNI). Describes the distribution deduction for simple trusts and complex trusts and estates. 

Objectives:

  • Identify the types of taxes and how entities are taxed
  • Describe the general tax rules and concepts for grantor, tax-exempt charitable, estate, and irrevocable trusts
  • Explain how income tax deductions play a key role in tax planning
  • Describe the tax treatment of beneficiaries for simple and complex trusts

Audience:  Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

ABA Certifications: 1.0 CISP, CTFA

The New York Bankers Association is a Local ABA Training Provider.

Questions:
NYBA Professional Development at (212) 297-1679 or education@nyba.com.
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