Filing form 1041

Forum|Forum|1 year ago
July 19, 2024
2 replies
18 views

Taxpayer had irrevocable trust since 2014. She was alive and she passed away May-27-2024. at this time we requested (as a trustee) EIN from IRS. letter tells me that we did not file form 1041 since 2014. I thought we need to file 1041 after taxpayer passed away.. Tax payer was filing form 1040 since 2014. Need help

Thanks

Sammy

Bsch4477

Level 15

An irrevocable trust is a separate legal entity requiring the filing of form 1041 if income is produced. This is as opposed to a living or revocable trust.

M-MTax

Level 15

An irrevocable trust is a separate legal entity requiring the filing of form 1041 if income is produced.

Not necessarily. An irrevocable trust can also be a grantor trust disregarded in whole or in part for federal income tax purposes.

M-MTax

Level 15

at this time we requested (as a trustee) EIN from IRS.

And if you requested an EIN for the trust as anything other than a grantor trust, that's why you got the letter. Either that or you said the trust was established in 2014.....it wasn't.....the trust became a non-grantor trust and needed an EIN when the taxpayer passed.