Trust It Will Get Complicated: Trusts, Estates & K-1s Unpacked
Tuesday, October 20, 2026 · 2:00 – 3:40 PM ET
You have one year from airing date to use this course as credit.
Continuing Education
CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-00183
IRS/RPO Approved Program
#7ZBUJ-T-00139-26-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-T-00139-26-S (QAS Self Study) Archive
Federal Tax Law (2 Hours)
Program Content
This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page
The program, through a lively round-table discussion and real time interaction with the audience, examines the income tax return that must be filed by estates and trusts. The program will focus on the types of trusts and how they report income or loss to the IRS and to their beneficiaries. Panelists also will examine the Schedule K-1 for estates and trusts, the items reported on a K-1, and the reporting of those items by beneficiaries.
By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of the purpose of Form 1041 for estates and trusts, the tax calculations required, and the purpose of Schedule K-1 and its reporting by beneficiaries.
Program Learning Objectives
- Identify the purpose of Form 1041 and who must file.
- Identify the types of trusts that must file Form 1041.
- Identify how estates and trusts calculate income and loss and report to the IRS and beneficiaries.
- Identify the purpose of schedule K-1, items that must be reported separately, and the reporting of those items by beneficiaries on their individual returns.
Program Outline
Form 1041
- Purpose
- Who files Form 1041
- Abusive Trusts
Types of Trusts
- Simple
- Complex
- Grantor
- Revocable
- Electing small business trusts
- Estates
- Bankruptcy
Tax Calculation
- Rates and exemptions
- General manner of computing income or loss
- Income and deductions generally
- Charitable deduction
- Income distribution deduction
- Accumulation distribution deduction
- Net investment income tax
Schedule K-1
- Purpose
- Generation-skipping trusts
- Items separately reported
- Excess distribution on termination
- Beneficiary’s reporting of K-1 items
Panelists
Moderator
Alan Pinck, EA
A. Pinck & Associates
Alan Pinck is an Enrolled Agent with over 30 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. You have seen Alan presenting at NTPI events, CSEA Super Seminar, Spidell Publishing as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.
IRS Panelists
Coming soon...
Industry Panelists
Coming soon...
Content Consultant
David F. Windish, J.D., LL.M
Content Consultant
David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.
Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.
Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.