Skip to comments.File IRS form 1040 vs form 1041?
Posted on 05/12/2010 12:51:50 PM PDT by edcoil
So now tax season is over and we have now 10 or so months to prepare for the next one. I was reading filing a 1041 form as opposed to a 1040 gets you back your taxes paid.
Anyone know which is a better approach?
If you have a lot of deductions that can potentially greatly lower your tax, then use the 1040.
Do it both ways and see.
Just claim that the IT is illegal and don’t pay it.
Form 1041 is for Estates & Trusts.
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