We can process a variety of 1041 tax returns Including:
Simple/Complex Trusts: The most common trust tax return we prepare are simple or Complex Trusts.
Charitable Remainder Trusts: Also known as CRT's there are different versions of this type of trust which often require a bit more information to complete.
Grantor Trust: The trust holds the assets and completes a tax return, but income will flow to being reported on the Grantor's personal tax return.
ILIT's: These hold life insurance policies. Many times a return is not required for multiple years, as a 1041 return is only required when there is over $600 of income.
Various other types: There are multiple other types of 1041 or other returns dealing with trust/estate tax such as QTIP, Foundations, Gift Tax Returns, and Estate returns.
We want to take care of your tax needs so you can focus on the administrative functions of the trust. We ensure we have the resources to take care of preparing and filing timely Tax Returns. Let us be a resource for you!