I am an executor of an estate in New York. By the end of the year, I must ask an accountant to file form 1041 for the Fed.(per the letter from the IRS mailed to my w/ the estate tax ID) Is it form #205 in NY state which must also be filed? The forms on the New York tax site are rather confusing. And, if someone knows, does the filing date for the NY form coincide with the Fed date in December? Thanks Elizabeth
Estate Income tax form for NY state
May 12, 2008
1 Replies
Form 1041 is to report the income the estate receives. If it is a NY estate, the income is reported on form IT205. The NY IT205 is due the same day as the federal. The due date depends on the estate's year end.
You should consult with your own CPA/tax professional and attorney to determine the estate's year end.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required