This is an 8.0 credit hour live lecture presentation with the instructors and students together in the same room. This program will begin with a review of basic concepts of estate tax. This will be followed by the basic concept and issues of trust taxation. Subsequent sessions include key tax and accounting issues for estates and trusts, income reportable by fiduciaries, tax deductions, calculations, credits and payments, application of the new Medicare surtax to trusts and estats, handling distributions and calculating the alternative minimum tax, and completing 1041 forms and schedules. This event will conclude with a brief overview and comparison of state fiduciary income tax.