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CCH to Hold Timely Audio Conference on Form 1041

(RIVERWOODS, ILL., May 3, 2006) – “Navigating Form 1041 and the Upcoming Storm” will be the subject of a live, 100-minute audio conference to be held Tuesday, May 23, 2006 at 2 p.m. Eastern; 1 p.m. Central, presented by CCH, a Wolters Kluwer business and a leading provider of tax information, software and services (CCHGroup.com). Noted authority and speaker Robert Barnhill will detail the do’s and don’ts of the income tax return for estates and trusts that can ensure maximum benefits to clients.

“As the number of estates subject to filing estate tax returns has shrunk in recent years, the IRS has turned its attention toward Form 1041 and believes it will generate huge dollars in this area. That’s the ‘upcoming storm’ that practitioners need to be aware of,” said Richard Jarvis, CCH managing editor. “Practitioners need to make sure that their clients aren’t part of that flow of dollars the IRS is counting on.”

With the increased use of trusts to transfer wealth, knowing how to prepare an accurate Form 1041 that can withstand heightened IRS scrutiny is critical to serving clients. Barnhill will make sure practitioners who participate in this interactive seminar learn the ins and outs of Form 1041 compliance. He will focus on specific concepts, rules and techniques, such as:  

• The critical differences between Form 1041 and Form 1040;
• Computing taxable income for an estate or trust;
• Computing distributable net income and properly allocating taxable income between the fiduciary entity and its beneficiaries;
• The different reporting rules for revocable and irrevocable trusts;
• Understanding how the 2-percent AGI floor rules apply to trusts and estates; and
• Preparing to withstand increasing IRS review of Form 1041.

  The presentation will also include a live question-and-answer session.

About the Speaker

Robert Barnhill is a certified public accountant/personal financial specialist (CPA/PFS) and Certified Financial Planner (CFP®) who practices in the estate, retirement and individual tax planning areas. He is an adjunct professor at Texas Tech University in the Personal Financial Planning department and does training sessions throughout the United States. He was named by the American Institute of Certified Public Accountants as an Outstanding Discussion Leader.

How Audio Seminars Work

CCH’s live audio conferences require nothing more than a telephone connection. For the $249 per site fee, an unlimited number of listeners at a site can participate, get up to speed and in-the-know.

Special Bonus, CPE Credit

Along with detailed handout materials, each site registering will receive free copies of CCH’s Federal Income Taxes of Decedents, Estates and Trusts (22nd Edition), CCH’s Corporation-Partnership-Fiduciary Filled-In Tax Forms (2006) and CCH’s Journal of Tax Practice and Procedure as special bonuses.

Two hours of CPE credit are also available for an additional $25 for each person wishing to receive a CPE certificate for participation in the conference.

How to Register

To register online using a credit card, go to https://www.krm.com/cch. To register by phone, call Customer Service at 1-800-775-7654. Please have your credit card information ready. For more information, go to tax.cchgroup.com/audioconferences.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research Network™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.

Wolters Kluwer is a leading multinational publisher and information services company. The Company’s core markets are health, corporate services, financial services, tax, accounting, legal, regulation, and education. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, see www.wolterskluwer.com.

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