BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month May 13, 2026 @ 1:00 p.m. ET/10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Preparing Form 1041 for a Decedent’s Estate: Section 67(e) Deductions, Excess Deductions on Termination

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Discount expires 4/29/26

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About the Course

Introduction

This webinar will address distinctive issues that arise when preparing Form 1041, U.S. Income Tax Return for Estates and Trusts, for a decedent's estate. Our panel of seasoned estate tax experts will review the filing requirements and due dates for estate income tax returns, discuss which expenses are and are not deductible, and clarify how excess deductions on termination are treated on Form 1041 and by an estate's beneficiaries.

Description

There are unique requirements for filing Form 1041 for the estate of a decedent. If an estate has $600 or more of gross income for the year or a beneficiary who is a nonresident alien, an income tax return is required. Estates easily exceed this low threshold, as it often takes months or years to properly distribute an estate's assets. 

The expenses incurred by an estate are varied and often include executor fees, property maintenance costs, and administrative expenses. The instructions for Form 1041 state, "Trusts can't be used to transform a taxpayer's personal, living, or educational expenses into deductible items …"; however, at the same time, there are true costs of maintaining assets, including property acquired by an estate. Determining which expenses are deductible by the estate and its beneficiaries can be problematic.

IRC Section 67(g) of the Tax Cuts and Jobs Act eliminated the deduction for miscellaneous itemized deductions that were subject to a two percent floor. Beneficiaries and advisers have been uncertain as to whether this also applies to IRC Section 67(e) deductions for estate expenses. T.D. 9918 clarified that certain expenses remained deductible. However, determining which are and which are not, and handling excess deductions on termination, is not straightforward.

Listen as our panel of experienced trust and estate tax professionals guides practitioners and executors through the nuances of completing Form 1041 for a decedent's estate.

Presented By

Jeremiah W. Doyle IV
Senior Vice President
Bank of New York Mellon, Corp

Mr. Doyle, IV is an estate planning strategist for BNY Mellon’s Private Wealth Management group and a Senior Vice President of Bank of New York Mellon. He has been with the firm since 1981. Mr. Doyle provides high net worth individuals and families throughout the country with integrated wealth management advice on how to hold, manage and transfer their wealth in a tax efficient manner. He is admitted to practice law in the Commonwealth of Massachusetts and before the United States District Court, United States Court of Appeals (First Circuit) and the United States Tax Court. Mr. Doyle formerly served as a member of the Massachusetts Joint Bar Committee on Judicial Appointments. He is the editor and co-author of Preparing Fiduciary Income Tax Returns, a contributing author of Preparing Estate Tax Returns, a contributing author of Understanding and Using Trusts, a contributing author of Drafting Irrevocable Trusts in Massachusetts all published by Massachusetts Continuing Legal Education, a reviewing editor of the 1041 Deskbook published by Practitioner’s Publishing Company and a contributing columnist for Estate Planning Review – The Journal published by Commerce Clearing House. My. Doyle is a lecturer in law in the Graduate Tax Program at Boston University School of Law. He received a LLM in banking law from Boston University Law School, a LLM in taxation from Boston University Law School, a Juris Doctor from Hamline University Law School and a BS in accounting from Providence College.

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Paul W. Jones, CPA
Attorney
Hale | Wood pllc

Mr. Jones is an attorney licensed to practice law in the State of Utah. He practices law in the areas of tax, business, estate planning, wills, trusts, probate, and certain real estate matters. Paul listens to his clients and then works diligently to find and implement accurate, practical, and cost-effective solutions. Mr. Jones is also a licensed CPA.



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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Wednesday, May 13, 2026

  • schedule

    1:00 p.m. ET/10:00 a.m. PT

I. Preparing Form 1041 for a decedent's estate: introduction

II. Filing requirements

III. Due dates and extensions

IV. Tax-exempt income and allocations

V. IRC Section 67(e) deductions

VI. Excess deductions upon termination

VII. Form 706 vs. Form 1041 deductions

VIII. Sales of property and residences

IX. Tax-exempt income and allocations

X. Distributions to beneficiaries

XI. Nonresident beneficiaries

The panel will cover these and other critical issues:

  • Distinguishing deductible and nondeductible expenses of an estate when preparing Form 1041
  • Considerations when preparing nonresident K-1s for an estate
  • How to plan for and report excess deductions upon termination
  • What expenses are deductible when a deceased taxpayer's residence is sold?

Learning Objectives

After completing this course, you will be able to:

  • Identify expenses that are deductible only on Form 706, U.S. Estate and GST tax return
  • Determine how income is taxed to nonresident beneficiaries in certain states
  • Decide the appropriate year-end for a decedent's estate
  • Ascertain deductible and nondeductible expenses on a decedent's estate income tax return
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.


BARBRI, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .