Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
My mother just passed away. She and my father had set up a
My mother just passed away. She and my father had set up a revocable trust for the 3 children. My financial advisor has said I need a TIN for the Trust and it is asking me if I want a Sec 645 election… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,326 satisfied customers
I've read you can choose to file the 1041 on a fiscal year
I've read you can choose to file the 1041 on a fiscal year rather than calendar year basis. Is this related to the 645 election?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
I'm filing for a TIN for a trust that was a living/revocable
Second opinion] I'm filing for a TIN for a trust that was a living/revocable trust, and is now (from what I'm reading) considered an irrevocable trust because my mom, the grantor, has passed.A large p… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,326 satisfied customers
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
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
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
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
A trustee cashed in an ira but didn't distribute funds to
A trustee cashed in an ira but didn't distribute funds to the beneficiaries before the end of the year … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,011 satisfied customers
I checked the box for Section 645 election when applying for
I checked the box for Section 645 election when applying for the trust's TIN after the settlor's death, and got a letter from the IRS stating that, based on the information provided, a Form 1041 is du… read more
taxmanrog
taxmanrog
Master's Degree
1,849 satisfied customers
You just answered my question on a 645 election. Let me
You just answered my question on a 645 election. Let me follow up. Decedent dies in December 2014. I'm asked into it in Fall 2015 so it's too late to get the 1041s and 8855. Decedent's joint 1040 for … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,720 satisfied customers
My mom passed away 10/18/15. Most of her assets are in a
My mom passed away 10/18/15. Most of her assets are in a trust in a brokerage account. I am trustee. total assets are less than 1M. The trust is in her SS# ***** are the tax returns I file each year (… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
What publication covers how and when to fiie a return
What publication covers how and when to fiie a return for an estate in an Irrevocable trust. The trust was effective from date of death.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,720 satisfied customers
On a decedent trust tax return 1041, are funeral expenses and
On a decedent trust tax return 1041, are funeral expenses and beneficiary travel costs deductible?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
I am trustee of a revocable trust which became irrevocable
I am trustee of a revocable trust which became irrevocable on death of truster November 1, 2013. I haven't yet filed the initial return for the trust for the period following truster's death. May I fi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,720 satisfied customers
1041- Whos income is it? All of dads assets belonged to his
1041- Who's income is it? All of dad's assets belonged to his (previously revocable ) trust when he died in Dec 2013 except one non-qualified annuity. Mom is 100% beneficiary of this annuity. I (think… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,720 satisfied customers
I have tax questions on the sale of my deceased father-in-laws
I have tax questions on the sale of my deceased father-in-law's house and the tax forms I'll need to complete for his estate/trust. Dad had 4 sons and the trust states everything be split 4 ways. The … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
My client died in September of 2010. We requested an extension
My client died in September of 2010. We requested an extension of her tax return. She had a revocable trust, someone else was the trustee and beneficiary. We filed 1040s for her previously and reporte… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,063 satisfied customers
My Mom passed away in March 2010. She left an estate around
My Mom passed away in March 2010. She left an estate around $1.3 million. I am trying to do form 1041 for the estate and I have some questions. I purchased H& R Block business that has the 1041 return… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,312 satisfied customers
My father died in 2009. His home was owned by his revocable
My father died in 2009. His home was owned by his revocable living trust of which I was a co-trustee. My sister and I were the beneficiaries. I sold his property, proceeds disbursed to the trust accou… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,312 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
Master's Degree
3,161 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x