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ADMINISTRATIVE TRUST RETURN.

Forum|Forum|7 years ago
June 1, 2019
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MY PRIOR ACCOUNTANT FILED A FINAL RETURN IN 2017. MY NEW ACCOUNTANT IS WORKING ON MY RETURNS AND TOLD ME THAT A FINAL RETURN WAS FILED. CAN THEY GO AHEAD AND FILE A 2018 RETURN. THERE IS STILL PLENTY OF MONEY IN THE TRUST.

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Best answer by Anonymous_

" THERE IS STILL PLENTY OF MONEY IN THE TRUST."

I have absolutely no idea what is happening here based upon what you wrote, but the amount of money in the trust does not affect the filing requirement, income the trust generates does.

See https://www.irs.gov/instructions/i1041#idm140630132225648

A

Anonymous_Answer

Employee

" THERE IS STILL PLENTY OF MONEY IN THE TRUST."

I have absolutely no idea what is happening here based upon what you wrote, but the amount of money in the trust does not affect the filing requirement, income the trust generates does.

See https://www.irs.gov/instructions/i1041#idm140630132225648

M

msmonsterAuthor

MY PRIOR ACCOUNTANT FILED A FINAL RETURN IN 2017. MY NEW ACCOUNTANT IS WORKING ON MY RETURNS AND TOLD ME THAT A FINAL RETURN WAS FILED. CAN THEY GO AHEAD AND FILE A 2018 RETURN. THERE IS STILL PLENTY OF MONEY IN THE TRUST.