This breakout session provides fiduciaries with a practical overview of trust tax compliance and planning. The presentation explains why trustees must prioritize tax accuracy, focusing on compressed trust tax brackets and the risk of personal liability for errors. Attendees will gain a working understanding of Form 1041, Distributable Net Income (DNI), income distribution principles, Schedule K-1 reporting, and the 65-Day Rule. The session also compares Simple and Complex Trusts and highlights common pitfalls, penalties, and strategies to avoid costly mistakes.
A3 – Fiduciary Income Tax Returns For Trusts
Speakers
Gabriel Shahin
Falcon Wealth Planning
Gabriel Shahin, CFP®, is the CEO and Founder of Falcon Wealth Planning, one of the fastest-growing Registered Investment Advisor (RIA) firms in the U.S., managing nearly $1.5 billion in assets. With over 20 years of financial industry experience, he has led Falcon to achieve 30% year-over-year growth since its inception in 2015. Gabriel is also the host of the “More Knowledge, More Wealth” podcast and author of the Amazon Best Seller, “How the Rich Get Richer”. He frequently speaks on topics of scalable growth and operational execution. He stresses his expertise in fiduciary matters, noting that “Every fiduciary decision has a tax consequence”. He has been recognized as a CEO of the Year Finalist by WealthManagement.com and 2025 Barron’s Top 1200 Financial Advisor Ranking.