Estate & trust income tax
When an estate or a trust earns income, it files its own return. Maritza prepares the 1041 and the K-1s that tell each beneficiary what to report on their own return.
Services · Estates & Trusts
Estates & trusts
These filings usually arrive in a hard year. They get handled carefully, at a pace that leaves room for questions.
1041706709Schedule K-1
Estate tax return
The federal estate tax return, filed for larger estates and sometimes filed by choice to carry a spouse's unused exclusion forward.
Gift tax return
Filed when someone gives more than the annual exclusion to one person in a year. Usually no tax is owed; the return keeps the record straight for later.
If you are an executor or a trustee
You may be responsible for more than one return: the person's final individual return, the estate or trust return, and sometimes an estate tax return. You do not need to know which ones apply before you call. Bring what you have, and Maritza will lay out what is required and in what order.