neilbrink Posted August 19, 2008 Report Share Posted August 19, 2008 Decedent died on Sept 15, 2007 and we need to file a fiscal year 1041. In this case, does the fiscal year end on August 31 or September 30? Also, filing is required within 4 months of the end of the fiscal year, correct? Thanks in advance. Neil Quote Link to comment Share on other sites More sharing options...
taxit Posted August 19, 2008 Report Share Posted August 19, 2008 August 31, 1041 due on December 15,2008 Quote Link to comment Share on other sites More sharing options...
michaelmars Posted August 19, 2008 Report Share Posted August 19, 2008 you are not required to use an 8/31 year end, thats just the latest you can use. You need to look at the investments and see what year you want the income in etc. before deciding, perhaps a calender year makes more sense [doubt it] Quote Link to comment Share on other sites More sharing options...
neilbrink Posted August 23, 2008 Author Report Share Posted August 23, 2008 you are not required to use an 8/31 year end, thats just the latest you can use. You need to look at the investments and see what year you want the income in etc. before deciding, perhaps a calender year makes more sense [doubt it] We had already discounted the calander year filing because of the possibily of a final sale of an apartment building and closing of the estate before the end of the fiscal year. Thanks for all your comments. Quote Link to comment Share on other sites More sharing options...
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