The Form 1041 of a Calendar Year Trust Is Due

question 116

Short Answer

The Form 1041 of a calendar year trust is due on 15 (not including extensions) of the following year.

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Definitions:

CPAs

Certified Public Accountants, professionals who have met the education and licensing requirements to offer accounting services to the public, including audits and financial planning.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and statement of cash flows.

Expressing Opinion

The act of stating beliefs or judgments about something, commonly found in audits where an auditor states the fairness of financial statements.

Profit-oriented Business

A business entity that focuses primarily on generating profits or financial gains as its main objective.