Description
This course provides tax professionals with a comprehensive understanding of the legal, fiduciary, and tax-related responsibilities of an executor (or personal representative) in administering a decedent’s estate. Participants will explore the executor’s role from initial appointment through final distribution, with emphasis on federal tax compliance, estate accounting, and risk mitigation. Learners will gain actionable insights into filing final returns, managing estate assets, handling debts and distributions, and navigating IRS procedures.
Learning Objectives
Identify the legal and fiduciary duties of an executor under federal and state law.
Determine filing requirements for Form 1040, Form 1041, and Form 706.
Apply rules for income in respect of a decedent (IRD) and basis adjustments.
Analyze estate asset management, debt settlement, and distribution protocols.
Navigate IRS procedures including EIN application, notice requirements, and audit risks.
Evaluate executor liability and strategies for minimizing personal exposure.
Implement best practices for estate accounting, recordkeeping, and communication with beneficiaries.
To complete this course participants need to: View the video and complete an assessment exam with a minimum passing grade of 70% or higher.
You have 1 year after purchase/enrollment to complete this course. Upon course completion a course evaluation form is provided for your feedback.
CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/
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