How to Save Time and Taxes Preparing Fiduciary Income Tax Returns

Comprehensive coverage of the federal income taxation of trusts and estates, with an item-by-item, line-by-line preparation guide to Federal Form 1041. Provides the background necessary for effective tax planning.
•   Taxable status of trusts and estates, filing requirements, income and deductions
•   Tax treatment of beneficiaries, including distributable net income (DNI), distributions in kind, and income in respect of a decedent (IRD)
•   Decedent's final return
•   Grantor trust rules
•   Alternative minimum tax as it applies to trusts, estates and beneficiaries
•   Examples and planning notes that highlight useful techniques and warn against pitfalls
•   Summary of each state's fiduciary income tax rules

First published in 1969.