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I obtained a tax id; however the IRS is requesting I file a 1041. Due to the amount involved, do I have to file it and what do I put on the form?
Optional Information: State/Country relating to question: New York
You do have to file the final estate accounting and you file whatever the amount of the check was, which was approximately $900. This is just to close out the estate with them so they are not looking for taxes in the future. You should sit with your local tax preparer to assist you because they really should review all of the documents to help make sure they are properly filed.
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Thank you. I will speak with my local preparer.
Thank you.