A form filed on an annual basis with the IRS identifying income related to certain types of trusts.
Even after death, your heirs may still have to file a separate tax return for you with the Internal Revenue Service. If your accumulated wealth is greater than $5.25 Million, then your executor must file […]
When an individual passes away, his/her will or trust identifies a representative to administer his/her estate. This representative is referred to as the executor (male) or executrix (female) and is generally approved or assigned by […]
A K-1 is a reporting tool to the Internal Revenue Service. It is used by Partnerships, S-Corporations and Trusts to report the taxpayer’s share of income, deductions, and credits. A K-1 is similar to Form […]