Federal Fiduciary Income Tax Workshop
DISCLAIMER
Before purchasing, review the rules of your licensing or certifying entity. It is your responsibility to confirm this course meets your CE requirements. See the credit tab on the course page for details.
What’s Included: Full webinar recording, written course materials, expert instruction, a mandatory quiz, and a certificate upon completion.
Deliverability Timeline: All courses are generally available within 1-2 weeks after the live presentation.
CE Credits: AIA and/or LA/CES accreditation is available by request for courses recorded prior to March 11, 2026. All courses after that date include those accreditations by default, if applicable. With these accreditations, our courses qualify for credit in nearly all states for engineers, surveyors, architects, and landscape architects.
Learn more about the on-demand format in our FAQ or contact us at (715) 835-5900 or customerservice@halfmoonseminars.org
Agenda
On-Demand Course
Federal Fiduciary Income Tax Workshop
A line-by-line walkthrough of Form 1041 and the fiduciary income tax rules for estates and trusts, taught by a 35-year trust attorney who has prepared these returns herself.
Presented By
Ellen M. Deeter, J.D., CFP, CTFA
Grantor trusts are simple to report while the grantor is alive: the income lands on the individual return, and that’s the end of it. The moment the grantor dies, that simplicity ends. The trust is often now irrevocable, the reporting shifts to Form 1041, and getting the return right depends on actually reading and understanding the trust document, not just running the numbers.
This workshop walks through the fiduciary income tax framework end to end: trust accounting income, distributable net income, simple and complex trust rules, and every relevant line of Form 1041, illustrated with five worked examples, including a §642(c) election, a QSST, a grantor trust, and a final-year return.
What’s Covered
Trusts and Estates Overview Including Tax Considerations
- Basic framework for a typical estate plan
- Estate and trust tax overviews
- Grantor trusts
- Unique trust types: ESBTs, QSSTs, QPRTs, GRATs, CLATs, CRATs, and special needs trusts
Principles of Fiduciary Income Taxation
- Trust accounting income and distributable net income
- Simple and complex trust rules
- Tiered distributions and §663(c) separate shares
- §643(e) in-kind distributions, the Hubert regulations, §691(c) IRD relief, and final-year rules
Income Taxation of Estates and Simple and Complex Trusts
- Form 1041, line by line: income, dividends, capital gains, expenses and deductions (including the §199A QBI deduction), and credits
- The Alternative Minimum Tax and the AMT credit on Form 8801
- NIIT, foreign reporting, state fiduciary issues, and decanting
Practical Examples to Put It All Together
- A §642(c) election
- A QSST
- A simple trust and a complex trust
- A grantor trust and a final-year return
About the Instructor
Ellen M. Deeter, J.D., CFP, CTFA
Deeter Law — Indianapolis, IN
Ms. Deeter is an attorney and registered civil mediator in Indianapolis, after spending most of the past 35 years working in bank trust departments. During her 18 years at The National Bank of Indianapolis, where she served as Manager of the Personal Trusts and Estates Group and as Senior Trust Counsel, the bank’s assets under administration grew from $35 million to $1.6 billion. She holds a B.A., magna cum laude, from the University of Notre Dame, and a J.D., magna cum laude, from the Indiana University Robert H. McKinney School of Law. She is a CFP® certificant and a Certified Trust and Financial Advisor (CTFA), and began her career as an inheritance tax examiner for the Indiana Department of Revenue. Ms. Deeter has taught for the American Bankers Association National Graduate Trust School, the Indiana Continuing Legal Education Forum, the American Institute of Banking, National Business Institute, and the Indiana University School of Law at Indianapolis.
Questions
Will this count toward my continuing education requirement?
This course offers continuing education credit for IRS Enrolled Agents. Details are listed on the Credit tab on this page. Confirm the specifics with the IRS before relying on this course for your current cycle.
I’m an estate planning attorney, not an accountant. Is this course for me?
Yes. The course covers Subchapter J of the Internal Revenue Code (§§641–685) in the same depth CPAs need for Form 1041, which is the same material trust and estate attorneys need to review a fiduciary return or advise a trustee.
I already prepare Form 1041s. Will this be too basic?
This isn’t a general estate-planning overview. It goes line by line through Form 1041 and works through five practical examples: a §642(c) election, a QSST, a grantor trust, and a final-year return, rather than staying at the conceptual level.
What happens if I don’t pass the quiz on the first try?
Multiple attempts are allowed. Your certificate of completion becomes available once you score 80% or higher.
How much does this cost, and can I pay with Knowledge Points?
This course is $339.00. It can also be redeemed for 6.5 Knowledge Points through your HalfMoon account instead of paying by credit card.
Credits
IRS Enrolled Agents
8.0 CE Credits
Continuing Education Information
This course offers 8.0 continuing education credit hours for IRS enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g).
Attendance will be monitored, and attendance certificates will be available after the webinar for those who attend the entire course, respond to prompts, and score a minimum 80% on the quiz that follows the course (multiple attempts allowed).
*On-Demand Credits*
The preceding credit information only applies to the live presentation. This course in an on-demand format is not pre-approved by any organizations or licensing boards.
Speakers
Ellen M Deeter, J.D., CFP, CTFA
Attorney with Deeter Law in Indianapolis, INMs. Deeter is an Attorney at Law and Registered Civil Mediator in Indianapolis, after having spent most of the past 35 years working in bank trust departments. She retired from The National Bank of Indianapolis at the end of 2013, where she worked in various roles over 18 years, including serving as the Manager of the Personal Trusts and Estates Group and as Senior Trust Counsel. During her tenure at The National Bank of Indianapolis it grew from $35 million in assets under administration to $1.6 billion in assets. Ms. Deeter earned her B.A. degree, magna cum laude, from the University of Notre Dame and her J.D. degree, magna cum laude, from Indiana University School of Law at Indianapolis (now known as the Indiana University Robert H. McKinney School of Law). She also is a Registered Mediator, a CERTIFIED FINANCIAL PLANNER certificant and a Certified Trust and Financial Advisor (CTFA). She started her career as an inheritance tax examiner for the Indiana Department of Revenue. Since that time Ms. Deeter has spent most of her career with bank trust departments, including Indiana National Bank, Wachovia Bank, N.A. and Merchants National Bank/National City Bank and The National Bank of Indianapolis, with responsibilities in the areas of fiduciary income taxation, estate and gift taxation, trust and estate administration, and serving as trust counsel. Ms. Deeter is a member of the Indiana State Bar Association (Probate, Trust & Real Property Section), the Indianapolis Bar Association (Estate Planning and Administration Section), the Indianapolis Bar Foundation (past board member) the Estate Planning Council of Indianapolis (past president and board member) and the Financial Planning Association of Greater Indianapolis. She also served on the board of the Planned Giving Group of Indiana. Ms. Deeter has been an instructor for the American Bankers Association National Graduate Trust School, the Indiana Continuing Legal Education Forum, the American Institute of Banking, National Business Institute and the Indiana University School of Law at Indianapolis, among others.
6.5 Knowledge Points
Purchase this course using Knowledge Points by clicking the button below.
(Account login required. Knowledge Points can only be redeemed by the owner of the points. Cannot be combined with any other forms of payment)