Instructions For Form Mo-1041 - Fiduciary Income Tax Return printable pdf download

Form MO-1041

Late Filing and Payment

Simple interest is charged on all delinquent taxes. The rate will be

updated annually and can be found on the department’s web site at

Important Filing

For timely filed returns with an extension, an additions to tax charge of 5

Information

percent (of the unpaid tax) is added if the tax is not paid by the return’s

original due date.

General Information

For returns not filed by the due date, an additions to tax of 5 percent per

This information is for guidance only and does not state the complete

month (of the unpaid tax) is added for each month the return is not filed.

law.

The additions to tax cannot exceed 25 percent.

Who Must File Form MO-1041

Report of Changes in Federal Taxable Income

A return must be filed by the following:

If the taxpayer’s federal taxable income for any taxable year is changed,

1. Every resident estate or trust that is required to file a Federal Form

the taxpayer must report the change to Missouri by filing an amended

1041.

Missouri return within 90 days after the final determination of such

2. Every nonresident estate or trust that has any taxable income from

change. When filing an amended federal return you must file an amended

sources within Missouri or gross income of $600 or more from sources

Missouri return within 90 days of the federal change. The taxpayer will be

within Missouri.

subject to interest and additions to tax charges if additional tax is owed to

Definition of Resident Estate or Trust

Missouri.

A Resident Estate or Trust is: 1) The estate of a decedent who at his or her

Amended Return

death was domiciled in this state; or 2) A trust that was created by a will of

To file an amended Missouri return, use Form MO-1041 and check the

a decedent who at his or her death was domiciled in this state, and has at

box at the top right of the form. Complete the entire return using the

least one income beneficiary who, on the last day of the taxable year, was

corrected figures.

Attach a statement giving the reason for the

a resident of this state; or 3) A trust that was created by, or consisting of

amended return and enclose a copy of the federal change(s) and the

property of, a person domiciled in this state on the date the trust or portion

federal amended return.

of the trust became irrevocable, and has at least one income beneficiary

who, on the last day of the taxable year, was a resident of this state.

Missouri Tax Treatment of Qualified Funeral Trusts

When and Where to File

The calculation of the Missouri tax liability for a qualified funeral trust is

Calendar year taxpayers must file no later than April 15, 2013. Late filing

the same as the federal computation. The tax of each qualified funeral

will subject taxpayers to charges for interest and additions to tax. Fiscal

trust is determined on a separate basis, disclosed on an attached

year filers must file no later than the 15th day of the 4th month following

schedule and then combined on the Missouri return resulting in a

the close of their taxable year. When the due date falls on a Saturday,

composite filing. The schedule used to calculate the Missouri income tax

Sunday, or legal holiday, the return and payment will be considered timely

must be attached to the return when it is filed.

if filed on the next business day. Please mail the return to: Department

of Revenue, P.O. Box 3815, Jefferson City, MO 65105-3815.

Electing Small Business Trust (ESBT)

Rounding on Missouri Returns

The income earned by an ESBT must be reported on the Missouri return

and tax paid accordingly. ESBT income is reported on the return as if

You must round all cents to the nearest whole dollar on your return. For

it was regular income; however, the deductions are limited to only offset

1 cent through 49 cents round down to the nearest whole dollar amount

ESBT income and cannot be used to reduce other income. A separate

(round $32.49 down to $32.00) on the return. For 50 cents through

schedule must be attached to the return to show the ESBT income and

99 cents round up to the next whole dollar amount (round $32.50 up to

deductions. The Missouri taxable income, Form MO-1041, Line 13, must

$33.00) on the return. For your convenience, the zeros have already

include the ESBT income, including subtractions and additions. The

been placed in the cent columns on the returns.

ESBT income is taxed at the same rate as all other income for a trust.

Estimated Tax Payments

To Obtain Forms

The state of Missouri currently does not require the payment of estimated

tax by an estate or trust.

• TDD: (800) 735-2966 or fax (573) 526-1881

Extension of Time to File

Fill-in Forms

If a taxpayer has been granted an extension of time to file the federal

• A ccess our web site at

return, the time for filing the Missouri return is automatically extended

for the same period of time. A copy of the Federal Form 7004 must be

attached to the Missouri return when filed.

An extension of time to file does not extend the time to pay. If the

taxpayer expects to owe Missouri fiduciary income tax, file Form MO-60,

Application for Extension of Time to File, with the payment by the original

due date of the return.

Instructions For Form Mo-1041 - Fiduciary Income Tax Return

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