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Live Webcast Replay

The Preparation of Form 1041 – Understanding the Issues

Total Credits: 2 including 2 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  ACPEN Tax Institute |  Industry |  IRS Approved |  Tax
Arthur Werner
Course Levels:
2 Hours
Product Type:
Live Webcast Replay


Tax compliance issues for fiduciary entities are sometimes confusing to practitioners since many lack experience in this area.  This course provides the practitioner with a practical understanding of the issues involved in preparing the U.S. Income Tax Return for Estates and Trusts (From 1041).


**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objectives

* Describe distributable net income (DNI)

* Describe income in respect of a decedent (IRD)

* Recognize the issues to consider when preparing Form 1041

* Identify issues regarding a decedent’s estate

* Identify issues regarding a trust

* Identify the basic issues of all entities as they relate to tax complaince

Major Subjects

* Preparing Form 1041

* Specific issues regarding a decedent’s estate

* Specific issues regarding a trust

* Subchapter J of the Internal Revenue Code

* “Obamacare” tax compliance issue

* Case studies regarding reading an estate document

* Distributable net income (DNI)

* Income in respect of a decedent (IRD)

* Line-by- line instruction

Course Materials


Arthur Werner Related seminars and products: 26

Werner-Rocca Seminars, Ltd.

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.

Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Course Developer Arthur Werner
Designed For CPAs, EAs, and attorneys
Original Recording Date 03/23/2017
Yellow Book No
Date Added to Catalog 03/21/17

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. 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:

Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video



Overall:      4.6

Total Reviews: 69


Mary C

"Thank you for answering my question which I had in my mind after doing these tax returns for my parents last year. "

Gloria G

"Excellent seminar!"

Julie P

" "

Mary L

"Good course! "

Kay G

"Art's teaching technique is perfect for my learning style. I will look for his other classes. RE: the codes, I diligently take hand-written notes so am not always looking at the screen. "

Elizabeth H

"While you can take these three courses separately I am really happy I took them all at the same time. It really helps to solidify the knowledge and gives me more confidence to prepare the 1041. "

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