Consider including a short memorandum or letter with all Forms 1041
advising clients to meet with a CPA or attorney to review possible issues with old trusts that might warrant corrective action.
Estate and trust income, Forms 1041
 3,528,900 3,918,900
645 election will be made obtains a taxpayer identification number upon the decedent's death and uses that number to file Forms 1041
as an estate during the election period.
In addition to sometimes serving as trustees themselves, CPAs traditionally assist trustees with identifying and selecting accounting methods, producing fiduciary accounting statements for distribution to beneficiaries and preparing forms 1041
for fiduciary tax compliance purposes.
9) Forms 1041
are also filed for qualified disability trusts, electing small business trusts (ESBTs), grantor type trusts, bankruptcy estates, and pooled income funds.
If returns were filed before the executor was appointed, amended Forms 1041
must be filed.
, 1065, 5500, 5500-C/R and 5500EZ returns are permitted to be filed electronically, on magnetic tape or floppy diskette.
During the two years that the estate held the limited partnership interest, it had sustained an additional $20,000 of PALs, which, although they reduced the estate's adjusted basis of the partnership interest (to $10,000) were not, of course, deductible against other income on the estate's 1992 and 1993 Forms 1041
Overall, the gross income reported on Forms 1041 increased from $71.
Nearly 748,000 Forms 1041 were filed by simple trusts in 2004, a slight increase from the approximately 747,000 filed in 2003.
and 1041S  1,881,800 2,125,000 2,680,900
89 Estate and trust income tax, Forms 1041
end 1041S, total 3,665 2.