Start studying Digestive System (anatomy of alimentary canal). Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Estimated Income Tax. Trusts that earn income must pay estimated tax payments during the year. These payments are due on April 15, June 15, September 15 and January 15 for calendar year trusts. Calculate the estimated payments on IRS Form 1041ES. The instructions for this form provide complete detail about how to pay this tax.
With a little planning, a trust can create a current charitable tax. deduction, avoid capital gains tax on the sale of appreciated assets, and significantly. lower estate tax. For this reason, trusts are a common estate planning tool.