Wiley Estates and Trusts: A Guide for Fiduciary Advisors (CPA Practice Guide Series)

Providing fiduciary accounting and tax services is one of the most complicated compliance activities for accountants. Fiduciary accounting isn′t carried out according to GAAP and most CPAs have little or no background in the area. This practical, comprehensive guide helps accountants lacking tax and/or trusts and estates expertise acquire the skills to provide fiduciary services with confidence. From the Back Cover The quickest, easiest way to become conversant in the principles and practices of fiduciary accounting and taxation. Estates and Trusts is a practical, comprehensive guide for accountants and other non–legal advisors interested in taking advantage of a potentially vast source of new revenues. Clearly and concisely, accountant and certified financial planner Suzanne Clark: Explains all fiduciary accounting and tax rules simply and clearly. Defines all essential fiduciary accounting terms and concepts. Covers all forms of fiduciary entities. Offers valuable tips on how to design a fiduciary accounting system. Clarifies the rules governing fiduciary deductions and income taxation. Guides you step by step through fiduciary tax filing procedures. Supplies helpful sample documents, finished returns, compliance material and other practice aids. Provides annual supplements to keep you up to date on important changes.