Form 1041-T - Web file timely and complete fiduciary tax returns for each tax year in the united states and the foreign jurisdictions, as applicable. The primary purpose is to ensure that beneficiaries are appropriately credited for estimated tax payments made on their behalf by the estate or trust. This election allows a trust (and certain decedent estates) to treat estimated payments as though they were made by a beneficiary or beneficiaries instead of having been paid by the fiduciary. This election must be made by the 65th day following the close of the tax year, and once it is made it is irreversible. Ensure that each beneficiary files his or her u.s. The fiduciary for a trust or a decedent's estate files this form to elect to have its estimated tax payment treated as paid by a beneficiary or beneficiaries.
The primary purpose is to ensure that beneficiaries are appropriately credited for estimated tax payments made on their behalf by the estate or trust. This election must be made by the 65th day following the close of the tax year, and once it is made it is irreversible. The fiduciary for a trust or a decedent's estate files this form to elect to have its estimated tax payment treated as paid by a beneficiary or beneficiaries. Web file timely and complete fiduciary tax returns for each tax year in the united states and the foreign jurisdictions, as applicable. Ensure that each beneficiary files his or her u.s. This election allows a trust (and certain decedent estates) to treat estimated payments as though they were made by a beneficiary or beneficiaries instead of having been paid by the fiduciary.