If you had a loved one who died last year, you may be faced with the need to file taxes for an estate or a trust. When a ...

A living trust is a common solution for many people with estate planning needs. However, few people know about its tax-filing ...

A living trust is a common solution for many people with estate planning needs. However, few people know about its tax-filing requirements. Generally, any trust with at least $600 in annual income ...

Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including ...

Typically, a trust must file a separate income tax return for each calendar year. However, for most grantor trusts, filing a separate tax return is optional. The general rule and the alternative ...

Split-interest charitable trusts are required to file the form required by the Secretary of the Treasury each year. Historically this has been Form 1041-A, Trust Accumulation of Charitable Amounts.

I have a simple Trust left to me by my father upon his death. He left a simple trust and I received $90,000 from it. I used $60,000 to payoff my mortgage. Will I be required to pay taxes on any of ...