Estates & Trusts

The fiduciary of a domestic decedent's estate or trust, files Form 1041 to report the following:  

  • Income, deductions, gains, losses, etc. of the estate or trust;
  • Income that is either accumulated or held for future distributions or distributed currently to the beneficiaries; 
  • Any income tax liability of the estate or trust, and/or
  • Employment taxes on wages paid to household employees. 

‚ÄčIf you are unsure whether you need to file a 1041, please contact our office for assistance. 

Preparation of a 1041 return varies on complexity between $525 and $1,250.

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