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

2012 Estates and Trusts Income Tax Return

D-407

Web

North Carolina Department of Revenue

11-12

Fill in all

For calendar year 2012, or fiscal year beginning

and ending

1 2

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

Enter the amount of bonus depreciation from Schedule NC K-1, Line 2a for the fiduciary and all nonresident beneficiaries

If amount

1. Federal taxable income (From Federal Form 1041)

on Line 1, 3,

5, 6, or 7 is

2. Additions to income (From Schedule B, Fiduciary

negative

Column, Line 3)

fill in circle.

Example:

3. Add Lines 1 and 2

4. Deductions from income (From Schedule B, Fiduciary

Column, Line 4)

5. Line 3 minus Line 4

6. Did the entity receive for the benefit of a nonresident beneficiary

intangible income from any source or business income from

sources outside of North Carolina? If so, enter the portion of

Line 5 attributable to this income; otherwise, enter zero.

7. North Carolina taxable income (Line 5 minus Line 6)

8. Tax

(Use the Tax Rate Schedule on Page 2 to calculate the tax)

9. Tax credits (From Form D-407TC, Line 13)

10.

10. Tax paid with extension

11.

Other prepayments of tax

11.

12. Tax paid by partnerships or S Corporations and

North Carolina tax withheld reported on Form 1099R

12.

(See instructions)

13. Total tax credits and payments (Add Lines 9 through 12)

13.

14.

14. Tax Due - If Line 8 is more than Line 13, subtract and enter the result

15. 15a. Penalties

15b. Interest

(Add Lines 15a and

15c.

15b and enter the

total on Line 15c)

16. Add Lines 14 and 15c and enter the total - Pay this Amount

16.

17. If Line 8 is less than Line 13, subtract and enter the Amount to be Refunded

17.

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

Signature of Preparer Other Than Fiduciary

Date

Address

Daytime Telephone Number (Include area code.)

Preparer’s Daytime Telephone Number (Include area code.)

Form D-407 Web - Estates And Trusts Income Tax Return - 2012

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