With Respect to a Trust's Timely Filed Form 1041,the IRS

question 95

Multiple Choice

With respect to a trust's timely filed Form 1041,the IRS will accept:

• A)Only paper returns.
• B)Only e-filed returns.
• C)Returns either on paper or in electronic form.
• D)Only e-filed returns if gross income exceeds $5,000 for the tax year.

---

Definitions:

Entrepreneur

An individual who innovates, organizes, operates, and assumes the risk for a business venture.

Opportunities

Circumstances or situations that present a possibility for advancement, improvement, or success.

Threats

Potential sources of harm or adverse effects that could cause damage or jeopardize a particular outcome or objective.

Soft Skills

Interpersonal attributes and personality traits that enhance an individual's interactions, job performance, and career prospects, including communication, teamwork, and problem-solving skills.