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Does a trust have to file taxes after the last original
Does a trust have to file taxes after the last original owner has passes away and the value of th trust is approximately $22K… read more
Alexander Efros
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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
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Lev
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My Mom passed away the first week of July 2015 in a nursing
My Mom passed away the first week of July 2015 in a nursing home. I am executor of the estate. My sister and I are 50/50 on her Will. The total estate is far below the IRS form 706 requirement or esta… read more
Lev
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I am preparing an initial and final 2013 Form 1041 Trust Return
I am preparing an initial and final 2013 Form 1041 Trust Return for ***** ***** Revocable Living Trust, but she passed away. I am including income from her pension that was received in the Trust ID# *… read more
Lev
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I am preparing a form 1041 for an revocable trust that became
I am preparing a form 1041 for an revocable trust that became irrevocable at the grantors passing on 12-19-13. The trust assets will be totally distributed by year end. When I do the 2014 - 1041 I am … read more
Lev
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Taxpayer died May 13 with a trust, the estate had 2 pensions
Taxpayer died May '13 with a trust, the estate had 2 pensions & social security which will be reported on the final 1040. The trust has 3 IRA 1099r's. The trust could use a fiscal year and file the tr… read more
Stephen G.
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This is all taking place in Virginia. I am the trustee of my
This is all taking place in Virginia. I am the trustee of my fathers trust which consists of about $130K from the sale of his home before he passed which resides in a checking account named "The trust… read more
Lev
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The previous question was incomplete. It was a 2012 tax form
The previous question was incomplete. It was a 2012 tax form to be file in 2013, and Tax dept wants us to use 1041 instead of 1040, the taxpayer died in February 2013. Why do we have to use 1041? Plea… read more
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I am in California. My mother passed away in April of this
I am in California. My mother passed away in April of this year. She has a BofA 12month Featured IRA in the amount of about $17,000. I have just filed a claim for it via a Small Estate Affidavit since… read more
Lev
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I am preparing the 1041 schedule K-1 for a revocable grantor-type
I am preparing the 1041 schedule K-1 for a revocable grantor-type trust in which my sister and I are co-trustees. My mother was the grantor of the trust and passed away in 2012. She had several non-qu… read more
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The CPA didnt file a K-1 in/for 2011 because all Trust assets
The CPA didn't file a K-1 in/for 2011 because all Trust assets had not been distributed in a large part because the house in Trust had not been sold. The CPA elected to treat the Trust as part of an E… read more
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CA Decedent while alive loaned $718,000 to niece secured by
CA Decedent while alive loaned $718,000 to niece secured by a second deed of trust. Decedent named niece as excutor/trustee of estate and niece is also a one of five beneficiaries of the decedent esta… read more
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My sister died in February of 2012. Do I file her regular
My sister died in February of 2012. Do I file her regular 1040 as usual or do I have to file a 1041? I have received a Tax ID number as her executor.… read more
Lev
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My mother had a revocable living trust with me named as Co-trustee;
My mother had a revocable living trust with me named as Co-trustee; she died in 2011 and I became the Successor Trustee. Because it was a living trust, I plan to file a 1040 for her and a separate 104… read more
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I was trustee of an 89 yr. old, who passed away. I was misinformed
I was trustee of an 89 yr. old, who passed away. I was misinformed that I needed an EIN number. Now I am told that was not correct. I within a week divided the trust for her sons who were on the trust… read more
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Must income for a decedents estate be passed through to the
Must income for a decedent's estate be passed through to the beneficiaries with a K-1, or can the decedent's estate pay the taxes and then pass the assets on to the beneficiaries without any further t… read more
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Lev
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This is more of a tax question, but maybe an attorney can answer
This is more of a tax question, but maybe an attorney can answer it for me. I would like to know if a portion of life insurance proceeds are taxable income for the decedent's revocable living trust. T… read more
Mark D
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Is a tax return necessary for a living trust after the death of the gr
IThe grantor died 1/1/05 and the trust's assets are worth $300,000 with 5 beneficiaries. Is a 1041 necessary? Are the beneficiaries taxed on the trust income before distribution of assets, or is the t… read more
Lev
Lev
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Bachelor's Degree Equivalent
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