gbellny
Level 1
12-06-2019
05:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There were no tax filings for 4 years and income was earned each year and final estate distribution will happen this year.
Best Answer Click here
Labels
IRonMaN
Level 15
12-06-2019
05:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Distributions don't determine filing status, but receiving income does. Unless the income was real piddly, it sounds like there should have been returns filed over the years.
Slava Ukraini!
gbellny
Level 1
12-06-2019
05:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Returns and tax paid? Who should pay it? The estate or the beneficiaries through a K1? For each year...
IRonMaN
Level 15
12-06-2019
05:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If income was distributed, the beneficiaries pay. If not, the estate pays.
Slava Ukraini!
Slava Ukraini!
George4Tacks
Level 15
12-06-2019
05:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Maybe a stupid question, but why did you ask here? Illinois has all that on their website. https://www2.illinois.gov/rev/questionsandanswers/Pages/73.aspx
Here's wishing you many Happy Returns
gbellny
Level 1
12-06-2019
05:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I was more interested in the Federal requirements. Probably didnt need to add Illinois description.
George4Tacks
Level 15
12-06-2019
05:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Read the instructions, it is all there. https://www.irs.gov/pub/irs-pdf/i1041.pdf
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns
