Interested in training for your team? Click here to learn more

2024 Fiduciary Income Tax Planning: Reporting Requirements, Sec. 199A, Sec. 642(c), Form 1041

Recording of a 90-minute CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, June 25, 2024

Recorded event now available

or call 1-800-926-7926

This CLE/CPE course will provide practical guidance to estate planners and administrators on complex fiduciary income tax challenges and methods to overcome them. The panelist will discuss income tax rules applicable to trusts and estates, minimizing income tax liabilities, handling partnership interests, distributable net income, Section 645 elections, and other key issues.


The taxation of estates, trusts, and beneficiaries present unique and complex issues that require an in-depth understanding of various methods to minimize income tax liability. Estate planners and tax counsel must tackle challenges under federal tax law and state tax considerations impacting what items and who to tax on distributions from an estate or trust.

In the administration of estates and trusts, a fiduciary's primary objective is to avoid any income tax traps stemming from the applicable tax rules. This involves a careful review of the language within the existing estate and trust documentation, the realization and characterization of income, potential tax issues of existing trusts, and available income tax planning mechanisms.

Estate planners and tax counsel must acquire the necessary expertise to handle specific income tax planning and administrative issues regarding partnership interests, distributable net income, Section 645 elections, and other essential items impacting income taxation.

Listen as our panel discusses income tax rules and traps to avoid and minimizing unexpected income tax liabilities, as well as offers techniques to ensure income tax benefits for trusts and estates.



  1. Overview of the taxation of estates and trusts
  2. Deductions and expenses of trusts and estates
  3. Structuring trusts to minimize income tax liability
  4. Challenges stemming from existing trusts
  5. Determining DNI
  6. Tax consequences of distributions and planning
  7. Best practices for fiduciaries


The panelist will review these and other key issues:

  • What are the relevant tax laws impacting fiduciary income tax planning?
  • What are the types of trusts, and how are they taxed?
  • How do you calculate distributable net income?
  • What are the tax consequences of distributions?
  • What trust deductions, elections, and expenses are available?
  • What are the deductions and expenses of an estate?
  • What planning techniques are available to minimize taxes for the trust, estate, and beneficiaries?


Fiore, Carl
Carl C. Fiore

Managing Director

Mr. Fiore has significant experience with tax and financial matters affecting high-net-worth individuals and families....  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video