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.
Prudence normally requires at least six months (most often longer) to wind up a trust's affairs. If an estate tax return is required, often the period of administration can last three years (or more).The estate tax return itself isn't due until 9 months following the death of the settlor of the trust, and that time can be extended without question for another six months.The IRS has three years to audit the return unless there is a request for prompt audit (reducing that time to 18 months).Report Abuse.f an estate tax return is required, often the period of administration can last three years (or more). The estate tax return itself isn't due until 9 months following the death of the settlor of the trust, and that time can be extended without question for another six months.