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msmonster
New Member

ADMINISTRATIVE TRUST RETURN.

MY PRIOR ACCOUNTANT FILED A FINAL RETURN IN 2017.  MY NEW ACCOUNTANT IS WORKING ON MY RETURNS AND TOLD ME THAT A FINAL RETURN WAS FILED.  CAN THEY GO AHEAD AND FILE A 2018 RETURN.  THERE IS STILL PLENTY OF MONEY IN THE TRUST.

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tagteam
Level 15

ADMINISTRATIVE TRUST RETURN.

" THERE IS STILL PLENTY OF MONEY IN THE TRUST."

I have absolutely no idea what is happening here based upon what you wrote, but the amount of money in the trust does not affect the filing requirement, income the trust generates does.

See https://www.irs.gov/instructions/i1041#idm140630132225648

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3 Replies
tagteam
Level 15

ADMINISTRATIVE TRUST RETURN.

" THERE IS STILL PLENTY OF MONEY IN THE TRUST."

I have absolutely no idea what is happening here based upon what you wrote, but the amount of money in the trust does not affect the filing requirement, income the trust generates does.

See https://www.irs.gov/instructions/i1041#idm140630132225648

msmonster
New Member

ADMINISTRATIVE TRUST RETURN.

MY PRIOR ACCOUNTANT FILED A FINAL RETURN IN 2017.  MY NEW ACCOUNTANT IS WORKING ON MY RETURNS AND TOLD ME THAT A FINAL RETURN WAS FILED.  CAN THEY GO AHEAD AND FILE A 2018 RETURN.  THERE IS STILL PLENTY OF MONEY IN THE TRUST.
tagteam
Level 15

ADMINISTRATIVE TRUST RETURN.

You should let your accountant handle the matter. If a 2018 return is required to be filed, then the 2017 return should be amended with the "final return" box unchecked.

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