neilbrink Posted April 2, 2015 Report Posted April 2, 2015 I have a client who needs a trust return completed. The trust was revocable, the grantor was filing under his social until death on 12/28/13. The trustee applied for and received the tin for the trust. The trust is now ready for a final return. My first thought was that we could file a fiscal year return, ending in 11/30/14, but now realize that we can't file fiscal year trust returns. So I am now thinking we need to file a 2013 return (3days, showing 0 data), and then file a 2014 final return. Does this make sense? Will the trust be penalized for not filing a timely 2013 return? Quote
Abby Normal Posted April 2, 2015 Report Posted April 2, 2015 (edited) No income = no return. It's in the instructions. $600 minimum income filing requirement. Edited April 2, 2015 by jmdaviscpa 1 Quote
Lion EA Posted April 2, 2015 Report Posted April 2, 2015 Is this one of those cases where the trust 1041 and the estate 1041 can be together? Quote
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