Does end date of 1041 short return have to be the end of a month

Forum|Forum|3 years ago
August 9, 2022
2 replies
0 views

I was planning on end date of 7/31/22 for 1041 short return, but the final legal fees did not post as paid from the last of the IOLTA until August 2, 2200. This is the last thing I have to do to close the estate. I know there is no more income coming and all distributions are complete. The estate is complete. Does the return now have to go to August 31? Do I have to wait until September 1 2022 to sign and date and mail this return or can I date it earlier and mail it?

Best answer by Anonymous_

Tax years end on the last day of the month.

Regardless, you can sign, print and mail the return before it is due.

A

Anonymous_Answer

Employee

Tax years end on the last day of the month.

Regardless, you can sign, print and mail the return before it is due.

M

MatildaAuthor

Employee

Just to be sure - I can sign and date my return 8/15/22 and put the end of the fiscal year on the top of the form as 8/31/22?

A

Anonymous_

Employee

Yes. You are simply signing the return and filing it prior to the due date.

M

Mike9241

you say the payment didn't post until 8/2. do you mean cleared the bank? if so and you actually sent the payment in July then I would use 7/31.

M

MatildaAuthor

Employee

The money was in the IOLTA trust for the estate so it was paid by the trust. The invoice is dated earlier but Aug 2 is the day it was paid by the trust (the lawyer's book keeper did this). I funded the trust when I first hired the lawyer a couple years ago.