If you are connected to an estate, trust or bankruptcy estate, or if you receive a Schedule K-1 from a Form 1041, you need to file Form 1041. Here are some answers to common questions you may have about Form 1041, U.S. Income Tax Return for Estates and Trusts.
Each week we will answer one of the most frequently asked questions on Facebook, Twitter and TaxACT’s Blog in the “You Got This” Weekly Series. Question: I invested enough to fund the expected expenses in my son’s golf business to cover 3 years as did one other investor. The account can be drawn from to cover travel, food, anything that promotes […]
By the first or second week of February, you should have received informational statements from every employer you worked for last year. You should have also have received statements from places that paid you or to whom you made tax-related payments. By keeping these forms handy and grouping them by type, you can make preparing […]