neilbrink Posted April 2, 2015 Report Share 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 Link to comment Share on other sites More sharing options...
Abby Normal Posted April 2, 2015 Report Share 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 Link to comment Share on other sites More sharing options...
Lion EA Posted April 2, 2015 Report Share Posted April 2, 2015 Is this one of those cases where the trust 1041 and the estate 1041 can be together? Quote Link to comment Share on other sites More sharing options...
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