Discussion:1041 requirement to file
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> 1041 requirement to file
Discussion Forum Index --> Tax Questions --> 1041 requirement to file
| 11 February 2008 | |
| Client died in 2007; had little money, under $600 income in the estate so would not have to file under those criteria, also, no deductions to pass on to beneficiary. Executrix obtained a FID number, however, and received the letter from IRS acknowledging the EIN and advising to file 1041 with a due date, pretty normal stuff. Question is: must the 1041 be filed because the EIN was assigned? Isn't the IRS going to be looking for a 1041 even if all zeros? Thanks. | |
| 11 February 2008 | |
| If the estate had distributable net income and distributions were made the income will carry on the K-1's and under $600 becomes meaningless as a filing requirement. If not you can always answer the IRS letter with not required to file. | |
To join in on this discussion, you must first
log in.
