However, the Michigan Department of Treasury (Treasury) is not able to accept e-payments at this time. Michigan Fiduciary returns for the current tax year plus the two prior years can be e-filed. E-filing your return is easy, fast, and secure. Certain estates and trusts may be exempt from this filing requirement if their taxable income falls below a specified limit.Ĭhoose e-file instead of paper returns. Form 1041 is filed regardless of whether there is a tax liability. Form 1041 is an income tax return, the same as an individual or business would file but for a decedent's estate or a trust. The return reports income, capital gains, deductions, and losses, but subject to somewhat different rules than those that apply to living individuals. The Internal Revenue Service requires these fiduciaries to file Form 1041. Executors of estates or administrators of trusts are considered fiduciaries because they hold money or other assets on behalf of a beneficiary.
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