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Level 2
May 11, 2021
Question

Final Estate Form 1041 -- Then later year income

  • May 11, 2021
  • 1 reply
  • 3 views

Final year Form 1041 filed for an estate,  Then five years later there is unexpected taxable income to the estate from a legal settlement.  

Does the estate simply file another "Final year" Form 1041 under the old EIN?

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1 reply

sjrcpa
Level 15
May 11, 2021

Yes

The more I know the more I don’t know.
Level 2
May 12, 2021

Thank you for your input.  Makes sense.  Is there any citation to give another attorney who is seeking what authority there is for this conclusion?

sjrcpa
Level 15
May 12, 2021

I do not have one, nor do I have the time or inclination to look on 5/11/21. 

The more I know the more I don’t know.