Tax law changes


@PJhiker wrote:

....So, he does have until October? 


He has until October 16th to file the 1041 (and issue the K-1s) for the trust, according to the link provided in the first response in this thread.

 

 


@PJhiker wrote:

I have read in many other links that in regards to 1041 forms the Successor Trustee has until the 4th month of the tax year filing for the calendar tax year the income was received? 


Trusts are typically on a calendar year (which ends on the last day of December of any tax year, December 31st). The "15th day of the 4th month following the close of the tax year" deadline is for fiscal year estates (and only certain trusts that are permitted to file on a fiscal year basis).