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Question about tax number for a deceased persons trust fund.
Question about tax number for a deceased persons trust fund. I am requesting it through a website that you pay for. It requests the creator/guarantor name and social security number. Why do they need … read more
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It is the final return. Now, There is a Family RVOC Living
it is the final return. Now, There is a Family RVOC Living Trust. However, the Successor Trustee applied for an EIN for the decedent's estate instead of the Family RVOC Living Trust. All funds receive… read more
Lev
Lev
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Lev - Fam Rev Trust Yes - we may make section 645 election
Lev - Fam Rev TrustYes - we may make section 645 election for the trust if needed.Question on the 1041 What type of Entity is selected?… read more
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Lev
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Estate or FAM REV LIV TRUST. Mother passed 2016. Decedent's
Estate or FAM REV LIV TRUST. Mother passed 2016. Decedent's Estate was opened and an EIN was assigned. It was opened pending decedent's deceased brother proceeds.In that same year, Father pass and an … read more
Lev
Lev
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I am filing a Form 1041 for my deceased MIL Rvoc Trust. I am
I am filing a Form 1041 for my deceased MIL Rvoc Trust. I am making the 645 election. Do I just mark the "Decedent's Estate" but list the Name of the Estate or Trust as "__ Rvoc Living Trust"? Also, t… read more
Lev
Lev
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Bachelor's Degree Equivalent
27,944 satisfied customers
When applying for an EIN for an Irrevocable trust after the
When applying for an EIN for an Irrevocable trust after the death of the grantor's Revocable trust, what is the date the trust is/was funded? Is it when the Rev trust accounts and their assets are tra… read more
Tax.appeal.168
Tax.appeal.168
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My father recently passed away. I am a trustee of his Living
My father recently passed away. I am a trustee of his Living Trust. I want to file form SS-4 to get an EIN number to open a checking account to pay his bills and distribute monetary gifts to the benef… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Lane, It looks like my friend with the 1.6 Million in IDGTs
HI Lane, It looks like my friend with the 1.6 Million in IDGTs did not have the income RO thought he did. These were loans he was getting deposited into his account. The other thing is there is a new … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,818 satisfied customers
I am the POA, Executor & Trustee parents. They have several
Hi, I am the POA, Executor & Trustee for my parents. They have several annuity contracts for which a irrevocable trust is the beneficiary. They are both deceased and I have made claims to the annuity … read more
PDtax
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My husband & I have a revocable living trust where we were
Hi. My husband & I have a revocable living trust where we were both trustees, then he resigned & I was sole trustee, then he became incapacitated, then I appointed an institutional co-trustee to serve… read more
Lane
Lane
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Doctoral Degree
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Shawn, I just reviewed the question asked previously
Hi Shawn, I just reviewed the question asked previously regarding the "grantor" question in establishing tax i.d. for revocable lvg trust where grantor has passed. You stated it is o,k. to have the re… read more
Stephen G.
Stephen G.
Sr Income Tax Expert
Bachelor's Degree
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In New York State, I applied a land trust that is the owner
In New York State, I applied a land trust that is the owner of a rental property. The beneficiary of the land trust is my LLC (Limited Liability Company). When IRS assign a EIN (Employer Identificatio… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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My father had a revocable trust which became irrevocable when
My father had a revocable trust which became irrevocable when he died in April last year (2014). Per IRS, the first tax year for this trust ends March 31, 2015. I have made partial distributions to be… read more
Stephen G.
Stephen G.
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Lane, I was chatting with you yesterday regarding write down
Lane, I was chatting with you yesterday regarding write down on the small mortage fund that I run. This is a new question. Most of my investors are family trusts, who give me the original trustors hus… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,818 satisfied customers
Grantor of "revocable" trust died, making the trust "irrevocable"
Grantor of "revocable" trust died, making the trust "irrevocable" ... that part I get.. successor trustee is also sole beneficiary of trust... when applying for a TIN, do we use "irrevocable trust" or… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,944 satisfied customers
Hi Lev, You answered a previous related question. I dont
Hi Lev, You answered a previous related question. I don't know how this site works and if you have that tracked. Here's the background. My mother passed away in July 2011. She had a revocable trust. M… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,944 satisfied customers
I am preparing a 1041 return for an irrevocable trust (it was
I am preparing a 1041 return for an irrevocable trust (it was revocable trust prior to the passing of the grantor). Can it continue to be reported under the EIN of the estate? There is no other income… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
client died on 11/25/2008 and had a revocable living trust
client died on 11/25/2008 and had a revocable living trust with an EIN. executor (and also beneficiary) elected to receive 2 lump sum distributions from 1099R (1 is a 401K and 1 is an IRA) with trust … read more
Bill
Bill
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