Fundamentals of Fiduciary Taxation Form 1041 – For 2022 Returns

Robert Keebler
Wednesday, May 3, 2023 4PM EST
Program Id: 210649275

Over the coming months you will be preparing and reviewing many 1041s and even experienced practitioners will benefit from a review while newer lawyers, CPAs and trust experts will want to establish a solid fiduciary tax foundation.  It is critical to understand who pays taxes for ongoing trustee and who pays income taxes during an estate administration.  Even if you do not prepare the returns an understanding of the flow of income from a trust to the beneficiary is critical for both lawyers and trust officers.

In this exclusive LISI webinar, Bob Keebler will get you quickly up to speed on all of the vital fiduciary income tax issues, traps and planning points you will need to master whenever you have clients with 1041 issues.   This class will cover both the 1041 form and the theory/statutes behind the concepts.  Specific topics Bob will cover include the following:


  • The types of trusts for income tax purposes: simple, complex, grantor, charitable and fiscal year elections
  • Taxable income vs. fiduciary accounting income
  • Distributable net income (DNI) including IRAs
  • IRC 663(b) “65-Day” Rule
  • The “Tier” Rules for DNI
  • The Separate Share Rule for DNI
  • Passive activity rules for trusts and estates
  • 3.8% Net Investment Income Tax and the traps
  • IRC §691(c) Deduction including large IRAs
  • Deductions on termination
  • QSST and EBST elections
  • Difficult 642(c) charitable issues
  • Grantor trust reporting
  • DAPT reporting
  • Kenan  losses and the 267(b)(13) related party rules


Bob Keebler’s monthly tax webinars on A4A:

  • cover the most important tax and financial planning techniques under current financial, economic, and legislative conditions
  • update annual tax requirements in the context of providing clients strategic planning advice on their personal situation
  • discuss practical considerations in implementing strategies for business owners, doctors, real estate investors, and corporate executives

Who should attend:

  • Investment Advisors
  • Fnancial Planners
  • Wealth Managers
  • Institutional Investment Plan Trustees
  • Institutional Investment Consultants
  • Financial Analysts
  • Securities and Research Analysts

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), is a partner at Keebler & Associates of Green Bay, Wis. For over three decades, Bob has been a pre-eminent educator of CPAs on personal financial planning and taxation. He's taught monthly on A4A for 13 years. Actionable tax advice is taught in a clear, concise, high-energy style makes Bob Keebler unique among tax and financial planning professional educators.

This webinar is expected to be eligible for one-hour of CE credit toward the CIMA® and CPWA® certifications, IRS EA CE, CFP® CE and PACE credit toward the CLU® and ChFC® designations, and for live CPA CPE credit.

Who Should Attend: Financial Advisors, CFPs, EAs, CFAs, CPA/PFSs, CIMAs, CLUs and ChFCs.
Cost: There is no fee to attend this course if you are a member of Advisors4Advisors ($120/year).
CPE credit: 1 hour, in the Taxes field of study
Prerequisites: None
Advanced Preparation: None
Course Level: Update
Course Delivery Method: Group Internet-Based
Program Policies: For more information regarding administrative policies such as refund, cancellation and complaint, please email This email address is being protected from spambots. You need JavaScript enabled to view it..


Advisors4Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Advisors4Advisors is also approved as a continuing education sponsor by IWI, which administers the CIMA® and CPWA® designations, and CFP Board of Standards, which licenses the designation for CFP® professionals. 

More than 50 hours of CFP® CE credit and more than 100 hours of Investments & Wealth Institute® credit on replays available 24/7 to paying members ($120 annually) of CPAs are eligible to receive CPE for attending live webinars only. To learn how to receive continuing professional education credit viewing webinar replays, please see our detailed instructions.

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