mardi 29 décembre 2015

Federal Taxes: File for 2014 or 2015 for First Filing of a Trust

I'm filing the first tax return for a grantor trust that became an irrevocable trust effective Oct 21, 2014 which is the date of death of the grantor. I elected the fiscal year treatment; the first fiscal year ended Sept 30, 2015. With respect to the proper IRS year for the 1041 form, I'm confused as to whether I am filing a 2014 tax return or a 2015 tax return for the fiscal year just ended. The 1099 forms all indicate Year 2014 but the current IRS 1041 forms are 2015. (As a side bar: Yes, I'm aware the filing deadline was Dec 15 but the trust owes no taxes.) Thank you.


Federal Taxes: File for 2014 or 2015 for First Filing of a Trust

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