Tags
Accounting Period, Benficiary, Calendar Year, Estate Administration, Estate Expenses, Estate Income, Executor, Federal Estate Income Tax Return, Fiscal Year, Income Distribution Deduction, IRS, Schedule K-1(Form 1041), State Estate Income Tax Return, Tax Professional
The federal estate income tax return is a difficult tax return for an executor to file. The different income types and complex deductions involved in the return causes confusion for the executor. Therefore, most executors will hire a tax professional skilled in estate tax returns to help them prepare and file the federal estate income tax return.
