Decedent Estate and Final 1040
Author: A.J. Reynolds
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join us for this essential class on critical issues affecting the decedent. What is the significance of “Step Up” Basis on decedent’s assets? What forms are required and or recommended to be filed? What happens with the decedents Capital and Net Operating Losses? Who or What is a Personal Representative? Who can sign the decedent return if no estate is open? Significance of IRC Section 454 regarding Savings Bonds will be discussed in addition we will define terms associated with the decedent, review filing dates, and separating income and expenses between the decedent and estate.
Bonus Material: Review issues surrounding delay or frozen refunds for deceased individuals, obtaining a POA for a decedent, and issues surrounding decedent’s Digital Assets.
Publication Date: September 2025
Designed For
All Tax Professionals who have had a client pass away understand the final 1040 and introduction in the decedent Estate and Form 1041
Topics Covered
- Important Terms and Checklists
- Forms, Filing Dates & Requirements
- Protecting Deceased's Identity
- Personal Representative and Signing Returns
- Income & Expenses - Where Does it Go?
- Basis of Estate Property
- Capital Losses & NOLs
Learning Objectives
- State Important Terms and Checklists
- Identify Forms, Filing Dates, and Requirements
- State How to Classify Income and Expenses
- Identify Capital Losses and NOLs
- Identify Personal Representative Duties
- Explain How to appraise Basis of Estate Property
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
