Form It-541 - Fiduciary Income Tax Return (For Estates And Trusts) - 2006

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2006
IT-541 (1/07)
Fiduciary Income Tax Return
(For estates and trusts)
P.O. Box 3440
Contributing to a better quality of life.
Baton Rouge, LA 70821-3440
For calendar year _________ or other taxable year
beginning _______________, and ending _______________
Please do not write in this space.
(month, day, year)
(month, day, year)
Name of estate or trust
C Federal Identification Number
A Mark applicable boxes.
❑ Initial return
D Date entity created
❑ Amended return
❑ Final return
Name and title of fiduciary
E Type of entity
Decedent’s estate
B Number of Schedules K-1
Number, street, and room or suite number
Simple trust
Complex trust
attached.
Grantor type trust
City or Town, State, and ZIP
Other
Computation of Income
Federal taxable income (before Income Distribution Deduction)(Enter the amount from your
1
federal Form 1041. If you use Louisiana Schedule A, Computation of Louisiana taxable
1
income before distribution deduction, leave Lines 1, 2, and 3 blank and begin with Line 4.)
$
Additions
2A Net income tax paid to any state or political or municipal subdivision
2A
2B Interest income from other states and their political or municipal subdivisions
2B
2C Total (Add Lines 2A and 2B.)
2C
Subtractions
3A Interest on U.S. government obligations
3A
3B Depletion in excess of federal depletion.
3B
3C Total (Add Lines 3A and 3B.)
3C
Louisiana taxable income before income distribution deduction (Enter the amount of Line
4
4
1 plus Line 2C, minus Line 3C or the amount from Line 12 of Louisiana Schedule A.)
5
Less Louisiana income distribution deduction
5
6
Louisiana taxable income before federal income taxes (Subtract Line 5 from Line 4.)
6
7
Less federal income tax deduction
7
8
Louisiana taxable income (Subtract Line 7 from Line 6.)
8
$
Computation of Tax
9
First bracket (First $10,000 of Line 8)
Amount of tax
Subtract Line 10 from Line 9
and enter result in this box.
10 Less personal exemption
(See instructions.)
Taxable at 2%
$
11 Second bracket (Next $40,000 of Line 8)
Taxable at 4%
12 Third bracket (Amount of Line 8 in excess of $50,000)
Taxable at 6%
13 Total tax (Add Lines 10, 11, and 12.)
13
Less credit allowed resident fiduciaries for net income taxes paid to a state other than
14
14
Louisiana. (Copy of other state’s return must be submitted.)
15 Total tax after credits (Subtract Line 14 from Line 13.)
15
Previous payments (Include extensions, pre-payments, payments made by Composite
16
16
Partnership filing, and refundable credits for Citizens Property Insurance. )
17 Amount owed (Subtract Line 16 from Line 15.)
17
18 Total interest and penalty
18A. Interest ____________ 18B. Penalty __________
18
19 Total amount due (Add Lines 17 and 18.)
Pay this amount.
20 Overpayment: Refund $________________
Credit to 2007 $________________
20
$
Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge
and belief, it is true, correct, and complete. If prepared by a person other than taxpayer, his declaration is based on all information of which he has any
knowledge.
Signature of fiduciary or officer representing fiduciary
Address
Telephone
Date
City, State, ZIP
Signature of preparer other than fiduciary
Address
Telephone
Date
City, State, ZIP

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