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IRS Tax Map 2008
Current IRS Tax Map

taxmap/pubs/p950-004.htm#en_us_publink100099473

Income Tax on an Estate(p11)


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Income Tax on an Estate

Your estate may have an income tax filing requirement for each year that it has $600 or more of gross income or has a beneficiary who is a nonresident alien, from the date of death until the final distribution of the assets to the beneficiaries. The tax is figured on the estate's income in a manner similar to that for individuals.
taxmap/pubs/p950-004.htm#en_us_publink100099474

Filing an income tax return.(p12)


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Every estate with an income tax filing requirement must file a Form 1041.
taxmap/pubs/p950-004.htm#en_us_publink100099475

Schedule K-1.(p12)
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Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. reports a beneficiary's distributive share of income, deductions, and credits from the estate. Also, for the final year of the estate, a beneficiary may receive the following tax benefits from the estate:
taxmap/pubs/p950-004.htm#en_us_publink100099476

More information.(p12)


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If you think your estate may have other tax filing requirements, see Form 1041 and its instructions, and Publication 559.