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Form 1041 N Rev March U S Income Tax Return for Electing Alaska Native Settlement Trusts

Form 1041 N Rev March U S Income Tax Return for Electing Alaska Native Settlement Trusts

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Instructions and help about Form 1041 N Rev March U S Income Tax Return For Electing Alaska Native Settlement Trusts

hello and welcome to this session in which we learn how to compute the taxable entity income and that entity is a state or trust during the process we're going to learn how to compute accounting income learn about accounting income also learn about an important concept in this in this context which is dni and dni is this tributable net income and i'm going to be referring to it continuously d and i then eventually we would learn about allocating dni to the beneficiaries and i will do this in the next session because there's going to be a lot of information to absorb here and before we got to this point in the prior session i talked about the state and trust how are they created the purpose of them gave you an overview so this way if you're not sure about what what is an estate or a trust look at the prior recording because it's better to have a good idea so if you are an accounting student or a cpa candidate especially if you're a cpa can

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