This course provides you with an understanding of tax terminology and concepts applicable to estates and trusts. The course contains detailed information regarding fairly complex concepts. Examples, self-check quizzes, and practice activities are used throughout the material to enhance your understanding of the concepts presented.

   Audience: Trust Officers who have already achieved a basic level of knowledge and expertise in the trust field.

    Learning Objectives

   At the conclusion of the program participants will be able to:

• Distinguish between simple and complex trusts
• Explain the concept of the fiduciary account as a conduit
• Explain the basic concept and purpose of distributable net income (DNI)
• Calculate trust accounting income
• Calculate distributable net income (DNI)
• Calculate the distribution deduction
• Determine the amount of income taxable to each beneficiary.

Enrollment Form

(Download and print from SER-CFT website, complete and fax to 904-354-1834)

..\Enroll_form.pdf