Don Hughes Posted January 12, 2022 Report Share Posted January 12, 2022 Looking for guidance in preparing the 1041, who can I request information from. Thank you Quote Link to comment Share on other sites More sharing options...
grandmabee Posted January 12, 2022 Report Share Posted January 12, 2022 A lot of reading materials online. then if you get stuck ask here. google is your friend for start then double check with the IRS Regs. 2 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted January 12, 2022 Report Share Posted January 12, 2022 Here are a lot of links for you: https://www.irs.gov/forms-pubs/about-form-1041 Quote Link to comment Share on other sites More sharing options...
Sara EA Posted January 13, 2022 Report Share Posted January 13, 2022 Don, estate and trust returns can be tricky, and state laws may differ from the federal. If you think it is beyond your current level of expertise, don't hesitate to tell the client that and perhaps recommend someone who is more familiar. I do lots of 1041s referred to me by attorneys and financial advisors. (I am not looking for another referral! I have more work than I can handle.) At the same time, I refer resident alien and some returns with odd foreign income and a few others to people smarter than I am. I have done only a few farms and nonprofits and would decline any new ones because I'm just not comfortable with them. Tax law is so complicated now that I think eventually we'll all have to specialize just like medical people do. 4 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted January 13, 2022 Report Share Posted January 13, 2022 6 hours ago, Don Hughes said: Looking for guidance in preparing the 1041, who can I request information from. Thank you For starters take some continuing ed courses. Then when you feel confident and competent try a simple one. Hopefully you will have an experienced peer to review it for you. 2 Quote Link to comment Share on other sites More sharing options...
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