Tax compliance issues for fiduciary entities are sometimes confusing to practitioners due to the fact that many lack experience in this area. This course, the first of a three- part series, provides the practitioner with a practical understanding of the basic issues of estates and trusts. This knowledge will allow the practitioner to understand the basics of entities and the basics of Subchapter J of the Internal Revenue Code. Understanding these areas will allow the practitioner to start their understanding of tax compliance in preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041).