Form D-407 - Estates And Trusts Income Tax Return - 2011

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2011 Estates and Trusts Income Tax Return
D-407
Web
North Carolina Department of Revenue
11-11
Fill in all
For calendar year 2011, or fiscal year beginning
and ending
1 1
applicable circles:
(MM-DD)
(MM-DD-YY)
Initial Return
Name of Estate or Trust (Legal Name)
(USE CAPITAL LETTERS FOR NAME AND ADDRESS)
Amended Return
Final Return
Entity has
Name of Fiduciary
(Circle one):
Administrator
Executor
Other
Federal Employer ID Number
Nonresident
Beneficiaries
Qualified
Funeral Trust
Address
Apartment Number
If estate return, was
final distribution of
assets made during
City
State
Zip Code
County
(Enter first five letters)
the tax year?
Yes
No
,
,
.
Enter the amount of bonus depreciation from Schedule NC K-1, Line 2a for the fiduciary and all nonresident beneficiaries
00
,
,
,
.
1. Federal taxable income (From Federal Form 1041, Line 22)
00
1.
If amount
on Line 1, 3,
,
,
,
.
5, 6, or 7 is
2. Additions to taxable income (From Schedule B, Fiduciary
negative
2.
00
Column, Line 3)
fill in circle.
,
,
,
.
Example:
3. Add Lines 1 and 2
3.
00
,
,
,
.
4. Deductions from taxable income (From Schedule B, Fiduciary
4.
00
Column, Line 4)
,
,
,
.
5.
5. Line 3 minus Line 4
00
6.
Did the entity receive for the benefit of a nonresident beneficiary
,
,
,
.
intangible income from any source or business income from
6.
00
sources outside of North Carolina? If so, enter the portion of
Line 5 attributable to this income; otherwise, enter zero.
,
,
,
.
7.
00
7. North Carolina taxable income (Line 5 minus Line 6)
,
,
,
.
8. Tax
8.
00
(Use the Tax Rate Schedule on Page 2 to calculate the tax)
,
,
,
.
9. Tax credits (From Form D-407TC, Line 13)
9.
00
,
,
,
.
10. Tax paid with extension
10.
00
,
,
,
.
11.
Other prepayments of tax
11.
00
12. Tax paid by partnerships or S Corporations and
,
,
,
.
North Carolina tax withheld reported on Form 1099R
12.
00
(See instructions)
,
,
,
.
13. Tax Credit for Small Businesses
13.
00
That Pay N.C. Unemployment Insurance
(From Form D-407TC, Part 5, Line 18b)
,
,
,
.
14. Total tax credits and payments (Add Lines 9 through 13)
14.
00
,
,
,
.
15. Tax Due - If Line 8 is more than Line 14, subtract and enter the result
15.
00
16. 16a. Penalties
16b. Interest
,
,
,
.
,
,
.
.
(Add Lines 16a and
16c.
16b and enter the
00
00
00
total on Line 16c)
,
,
,
.
$
17. Add Lines 15 and 16c and enter the total - Pay this Amount
17.
00
,
,
,
.
18. If Line 8 is less than Line 14, subtract and enter the Amount to be Refunded
18.
00
I certify that, to the best of my knowledge, this return is accurate and complete.
If prepared by a person other than fiduciary, this certification is based on all
information of which the preparer has any knowledge.
Signature of Fiduciary Representing Estate or Trust
Date
Signature of Preparer Other Than Fiduciary
Date
Address
Daytime Telephone Number (Include area code.)
Preparer’s Daytime Telephone Number (Include area code.)

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