Form 1041, U.S. Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. The fiduciary of an estate or trust is responsible for filing Form 1041, which is due on April 15th each year (unless an extension is filed).
Trust tax preparation can be a challenging task, even for experienced tax preparers. There are many complex rules and regulations that apply to estate and trust taxation, and it can be difficult to keep up with the latest changes. Additionally, trust tax returns can be very complex, depending on the type of trust and the assets and income that it holds.