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Preparing an Accurate Form 1041


With more individuals using trusts in estate planning, knowing how to prepare an accurate Form 1041 is becoming more important than ever.

Many preparers of Form 1041s do not understand the differences between the types of trusts for which they are preparing the tax return and the differences in reporting for each various type of trust, or they may not understand the various rules related to reporting for estates. In addition, many are unaware of the different elections that may be available to the taxpayer. This topic will teach you how to prepare Form 1041s for Estates and Trusts accurately. The material also explains the often misunderstood concepts of Income in Respect of Decedent (IRD) and Distributable Net Income (DNI). This course also explains the various deductions available to the taxpayer. Most importantly, it will point out the common mistakes made by tax preparers in preparing 1041s and how to avoid them.



Jo Ann Gambale, Esq.

Jo Ann Gambale, Esq.

Wilentz, Goldman & Spitzer, P.A.

  • Chair of the Trusts & Estates Department at Wilentz, Goldman & Spitzer, P.A.
  • Practice emphasizes all aspects of taxation, estate planning, and estate administration
  • Conducts seminars and workshops on estate planning, taxation, and formation of partnerships and LLCs
  • Past Executive Committee Member of the California State Bar Taxation Section; Past co-chair of the San Diego County Bar Association Tax Section
  • Selected for inclusion in the ‘Ones to Watch’ 2021 list of Best Lawyers in America in the area of Trusts and Estates
  • LL.M. degree in taxation, University of San Diego; J.D. degree, Georgetown University Law Center
  • Can be contacted at [email protected] or (732)855-6091

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