This course gets underway with reviewing the basic concepts and issues of income taxation of estates followed by a review of the basic concepts and issues of income taxation of trusts. The morning closes with fundamental fiduciary tax and accounting concepts. The afternoon sessions include income reportable by fiduciaries, deduction available to fiduciaries, tax calculations, credits, payments and special rules, special issues and situations (trust and estate distributions, alternative minimum tax, net investment income tax), and sample problems for Form 1041 preperation.