FAQ: What is a trust tax return, and who actually has to file Form 1041? Main Objective: Master the basics of trust and estate income tax returns — when a trust needs to file Form 1041, key deadlines, what income is taxable at the trust level vs. distributed to beneficiaries, and the must-have info your client needs to provide. Description: In Episode 16 of Tax Master’s Podcast, we break down Form 1041 fundamentals checklist of documents and data every trust client must bring you before yo...
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FAQ: What is a trust tax return, and who actually has to file Form 1041? Main Objective: Master the basics of trust and estate income tax returns — when a trust needs to file Form 1041, key deadlines, what income is taxable at the trust level vs. distributed to beneficiaries, and the must-have info your client needs to provide. Description: In Episode 16 of Tax Master’s Podcast, we break down Form 1041 fundamentals checklist of documents and data every trust client must bring you before yo...
FAQ: What are the top intermediate 1040 pitfalls on sales spiffs, installment sales, backdoor Roths, and taxable HSA distributions? Main Objective: Master IRS rules to report these four issues accurately and avoid penalties. Description: In Episode 13 of Tax Master's Podcast, we cover sales spiffs, installment sales, backdoor Roths, and taxable HSA distributions. Quick examples, citations, and red flags included.
Tax Masters
FAQ: What is a trust tax return, and who actually has to file Form 1041? Main Objective: Master the basics of trust and estate income tax returns — when a trust needs to file Form 1041, key deadlines, what income is taxable at the trust level vs. distributed to beneficiaries, and the must-have info your client needs to provide. Description: In Episode 16 of Tax Master’s Podcast, we break down Form 1041 fundamentals checklist of documents and data every trust client must bring you before yo...
