Tax

Tag: Estate Planning

  • Form 1041

    Form 1041 The term “fiduciary” applies to a person(s) who occupies a position of special confidence toward another, who holds in trust property in which another person has the beneficial title or interest, or who receives and controls the income of another. Thus, trustees and executors are considered fiduciaries. A fiduciary must file a return…

  • Business

    Business Tax Law Business General Information Business Entertainment Expenses Business Income Business Travel Expenses Business Use of Car Business Use of Home Business Use of Home – Is It Deductible? Business Use of Home – Taxes and Interest Principal Business Activity Codes Partnership / 1065 2005 1065 K-1 instructions Basis Limitations for K-1 Losses Dispositions…

  • Complex Trusts

    Complex Trusts Overview A trust (except a grantor type trust) is a separate legal entity for federal tax purposes. A trust may be created during an individual’s life (inter vivos) or at the time of his or her death under a will (testamentary). A trust figures its gross income in much the same manner as…