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I have a question about applying for an EIN for a trust. My
I have a question about applying for an EIN for a trust. My father had a revocable living trust and named me as the successor trustee. Dad died the week before last. I understand the trust has become … read more
Barbara
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I'm trying to determine if I need to file form NJ 1041 for
Hi I'm trying to determine if I need to file form NJ 1041 for my mother-in-law who is a Florida resident, with a Grantor Trust. The trust owned NJ property that was sold. There was a 2% withholding fr… read more
Dr. Fiona Chen
Dr. Fiona Chen
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I need to get a new tax ID number for a revocable trust as
I need to get a new tax ID number for a revocable trust as the grantor/trustee has died. How can I do that? … read more
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Robin D.
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Second opinion] I am try to complete an ss4 form I am not
Second opinion] I am try to complete an ss4 form I am not sure where to enter the grantor … read more
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I have some questions on a foreign trust. Bob is a US
I have some questions on a foreign trust. Bob is a US citizen living in California who when he died set up trusts for his grandchildren, who live in Australia with their mother. The mother and her chi… read more
NPVAdvisor
NPVAdvisor
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Due to a mess of reasons, my mother has to change ownership
Hello, due to a mess of reasons, my mother has to change ownership of her LLC to a revocable trust naming me as the beneficiary so that I can receive a yearly salary. We are not sure what the tax impl… read more
Robin D.
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I am selling my deceased mother's home as the trustee. My 3
I am selling my deceased mother's home as the trustee. My 3 siblings are successor trustees. Per California form 593-C, my mother lived in her home for 2 years within the 5 year period prior to the sa… read more
LEV
LEV
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My mother passed away at the end of October Last year. She
My mother passed away at the end of October Last year. She and my father had a trust that split when my father passed away. It became irrevocable upon her death and I am the successor trustee. I am tr… read more
NPVAdvisor
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I am the trustee of a marital trust from my dad's estate. I
I am the trustee of a marital trust from my dad's estate. I just found out the surviving spouse has not been reporting income realized by the trust for the past several years. How do I catch up and ma… read more
LEV
LEV
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When applying for a ein for an irrevocable trust - due to the grantor's death. Who is
When applying for a ein for an irrevocable trust - due to the grantor's death. Who is the responsible party- I initially put in the trustee, but at the end of the application process the summary page … read more
LEV
LEV
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A mother sets up an Irrevocable Grantor Trust for the benefit
A mother sets up an Irrevocable Grantor Trust for the benefit of her son. The son is forming an LLC for the purchase & development of real estate. He wants the Trust to be the member/owner of his 42% … read more
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I have a client who is the beneficiary of 2 trusts created
I have a client who is the beneficiary of 2 trusts created by his deceased mother. One trust (where he is the lifetime and ultimate beneficiary) owns 49% of his primary residence and the other trust (… read more
keeperumiami
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I am preparing form 1041 Irrevocable trust holding 2 family
I am preparing form 1041 Irrevocable trust holding 2 family real property and mother is grantor and children are beneficiaries. Mother retains right to live in house rent free until death or other cat… read more
socrateaser
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Hi, IRS form Ogden sent me a letter saying " Please review
Hi, IRS form Ogden sent me a letter saying " Please review your copy of fomr 3520 to be certain that you correctly entered all required information in Part II. You marked second checkbox on page1, und… read more
jgordosea
jgordosea
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My mother had a revocable trust and my father had the right
My mother had a revocable trust and my father had the right to use the income/interest to the trust. When she passed away an EIN was gotten and my father put it in as a grantor trust on the Form 1041 … read more
keeperumiami
keeperumiami
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In a revocable living trust, who has the final say-so--the
In a revocable living trust, who has the final say-so--the trustees or the beneficiary? Can you point me to a revenue ruling on this subject? Thanks, Noel Brinkley… read more
keeperumiami
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Is a trustee of a trust required to report the status of the
Is a trustee of a trust required to report the status of the money and investments in the trust to the bneficiaries… read more
LEV
LEV
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I see a conflict between the W-9 instructions and the 1041
I see a conflict between the W-9 instructions and the 1041 instructions for living/grantor trusts. Here's the deal: daughter and mother have just established a revocable living trust where the daughte… read more
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