Estate & Trust Income Returns (Form 1041)

What we need

• The estate's or trust's EIN
• A copy of the will or the trust document
• For an estate: the decedent's name and date of death
• The executor's or trustee's name and contact information
• Prior year's Form 1041, if one was filed
• Each beneficiary's name, SSN, address, and share
• Amounts and dates of any distributions made to beneficiaries
• 1099s for interest, dividends, and investment sales, and any K-1s received
• Rental or business income earned by the estate or trust
• Fiduciary, attorney, and accounting fees
• Date-of-death values of assets, for cost basis
• Estimated tax payments made during the year

Who pays the tax: income kept in the estate or trust is taxed to it; income distributed is generally taxed to the beneficiaries on their K-1s — so the distribution records really matter.

What's included

• Review of the estate or trust's income and records
• Complete preparation of the federal Form 1041
• Schedule K-1s for each beneficiary
• Secure electronic filing with the IRS and your state
• A copy of the completed return in your secure client portal
• If we make an error on your return, we fix it