A Form 1041 Must Be Filed by a Trust That

question 68

Short Answer

A Form 1041 must be filed by a trust that has $ or more gross income for the tax year.

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Definitions:

Legal Remedy

The means by which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.

Fired

Term commonly used to describe the termination of employment due to an employee's performance or behavior.

Legal Recourse

The right of an individual or entity to seek legal intervention for resolving a dispute or enforcing a right.

Leave of Absence

A period of time that one must be away from one’s primary job, while maintaining the status of employee.