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ESBIT Trust Filing Requirement

  • 1.  ESBIT Trust Filing Requirement

    Posted 09-26-2018 13:07
    Must an an ESBIT  trust  file each year, including years in which it has no income ?

    We realized we did not  file an extension. However, there is no income.  If i file, i will incur a penalty, but am i required to file  ?


    Any help appreciated.



    Abby

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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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  • 2.  RE: ESBIT Trust Filing Requirement

    Posted 09-27-2018 16:24

    Yes it needs to report the S corp items so best to always file.