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Your Complete Guide to Filing Form 1041, U.S. Income Tax Return for Estates and Trusts

Your Complete Guide to Filing Form 1041 - TaxACT

IRS Form 1041 is an income tax return for estates and trusts, similar to Form 1040 for individuals. If you are the executor for an estate, you may be required to file Form 1041 – U.S. Income Tax Return for Estates and Trusts. Form 1041 must be filed for the person who died in addition […]

Long-Term Capital Gains: How Much Tax Will I Owe?

Long-Term Capital Gains: How Much Tax Will I Owe?

Did you sell a house, some investments, or even a car this year that you may need to report as the sale of a capital asset? If you sold an asset, possibly at a profit, you’ll generally pay less tax on the gain than you would pay on ordinary income, such as wages. You must […]