When is Widow Required to File a Form 1041 for the year AFTER husband's death?
Taxpayer died in 2008 . Under what circumstances would the widow have to file a Form 1041 for 2009?
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cSEWJSZqir36FdacfA8pyY
09/30/10 7:22pm PDT
Viewed by asker 04/06/11 3:31pm PDT
Viewed by asker 04/06/11 3:31pm PDT
3 Replies
sjrcpa
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10/01/10 7:08am PDT
The Personal Representative/Executor (which may or may not be the widow) is required to file an estate income tax return, Form 1041 if the estate had income- such as interest or dividends in the decedent's name that have not been transferred to the beneficiaries. See the 1041 instructions for the income threshold.
The more I know, the more I don't know.
10/01/10 7:45am PDT
If the wife is the beneficiary, the if she puts the interest and dividends, etc. on her 1040 with designation (interest income example) "XYZ Bank Nom Fr 999-99-9999 .... $1,000" would that be also a correct way of reporting the income, so that she does not have to do a 1041?
10/01/10 8:48am PDT
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Not really. But if she did that and IRS is now looking for a 1041 you could explain that she did that and at least the income was reported and taxed.
