LIVRO How to Save Time and Taxes Preparing Fiduciary Income Tax Returns PDF Stowell Rounds



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.