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What would a small CPA firm charge to file a form 1041?
The trusts only assets are CD's and the income was $388.
2 Answers
- BobbieLv 71 decade ago
You would have to choose and contact the CPA that you want to use for this purpose and then you should be able to get the amount that the CPA might charge you for this purpose it might be a flat rate or a hourly rate $ amount BUT you will not know what the correct amount will be until you do contact the CPA that you want for this purpose.
Use the search box at the www.irs.gov website for Forms 1041 and 1041-A: When to file
http://www.irs.gov/charities/foundations/article/0...
Form 1041: Estates or trusts must file Form 1041 by the fifteenth day of the fourth month after the close of the trust's or estate’s tax year. For example, for a trust or estate with a tax year ending December 31, the due date is April 15 of the following year. A trust or estate with a tax year that ends June 30 must file by October 15 of the same year.
Form 1041-A: Form 1041-A is a calendar year return which is due by April 15th.
http://www.irs.gov/instructions/i1041/ch01.html
Income Taxation of Trusts and Decedents' Estates
Fiduciary. A fiduciary is a trustee of a trust, or an executor, executrix, administrator, administratrix, personal representative, or person in possession of property of a decedent's estate.
Note.
Any reference in these instructions to “you” means the fiduciary of the estate or trust.
Trust. A trust is an arrangement created either by a will or by an inter vivos declaration by which trustees take title to property for the purpose of protecting or conserving it for the beneficiaries under the ordinary rules applied in chancery or probate courts.
Trust
http://www.irs.gov/instructions/i1041/ch01.html#d0...
The fiduciary (or one of the joint fiduciaries) must file Form 1041 for a domestic trust taxable under section 641 that has:
Any taxable income for the tax year,
Gross income of $600 or more (regardless of taxable income), or
A beneficiary who is a nonresident alien.
Hope that you find the above enclosed information useful. 06/04/2011
- troLv 71 decade ago
CPA's are CPA's, whether they are a small firm or a big one
they might price you one price for the return or they may charge you an hourly rate
you won't find anything under $150/hr
did you know that a trust that has $600 or less income for the year does not need to file a 1041?