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  • 1.  DO WE NEED A TRUST?

    Gold Most Valuable Member
    Posted 07-08-2015 03:22 PM

    I had a client who passed in 2011.

    No returns were filed in 2011-2014 while assets were still held in her name. Does the executrix need to create a trust for 2012-2014 in order to file Form 1041s or do I just get an EIN and file them?

     

    Thank you

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    Alfonso Mollica CPA
    ALFONSO J. MOLLICA, CPA PC
    Levittown NY
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  • 2.  RE: DO WE NEED A TRUST?

    Bronze Most Valuable Member
    Posted 07-08-2015 05:46 PM

    it is too late to create a trust now--the executor must file a 1041 for the estate and get an ein # as long as these are probate assets. Also if there was a will you need to look at that legal document for guidance on disposition.

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    Scott Sanders
    SANDERS THALER VIOLA & KATZ, LLP
    Jericho NY
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    Original Message


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