Fillable Form It-41 - Fiduciary Income Tax Return (Page 5 of 10) in pdf

proved request for extension of filing the federal fiduciary return

• RETIREMENT PLAN

and make payment of at least 90% of the estimated Indiana tax

Every retirement plan having income from sources within

liability. The extension payment should be sent by the original

the state of Indiana who is taxed as a trust filing Federal

due date of the return with Form IT-41ES, available from the

Form 990T must file using the IT-41 form. Please attach

Department’s web site ( ). If no tax liability is

a copy of the Federal Form 990T to the IT-41 while filing.

anticipated, just attach a copy of the approved federal extension

Also, note that the due date for filing the IT-41 is the 15th

request to the IT-41 return when filing.

day of the 5th month following the close of the taxable year.

FEDERAL IDENTIFICATION NUMBER

• COMMON TRUST FUND

Common trust funds file a Partnership Form IT65 Return

Every estate or trust that is required to file Form IT-41 must

and will attach to the form a list showing each participant’s

have a Federal Identification Number (sometimes called an EIN,

name, address, social security number, and the amount of

Employer Identification Number). If you have not already gotten

taxable income or loss (exclusive of gains or losses from

this number from the IRS, you may apply for your number:

sales or exchanges of capital assets) and the participant’s

• Online by clicking on the EIN link at

share of gains or losses from sales or exchanges of capital

The EIN is issued

assets. For additional information, please contact

immediately once the application information is validated.

Corporate Assistance at (317) 233-4015.

• By telephone at 1-800-829-4933 from 7:00 a.m. to 10:00 p.m.

in the fiduciary’s local time zone.

ESTIMATED PAYMENTS

• By mailing or faxing Form SS-4 Application for Employer

Indiana does not require trusts and estates to make fiduciary

Identification Number.

estimated payments. Fiduciaries electing to make estimated

payments must use Form IT-41ES Fiduciary Estimated Tax

Important:

and Extension Payment Voucher.

If you have not received the Federal Identification

Number (Fed. ID# or EIN) and you are ready to file the return, please

There are no carryover provisions for estimated payments.

leave the spaces blank in the space for the ID number. Do NOT enter

Therefore, overpayments are not applied to the estimated

the decedent’s Social Security Number in the spaces for the EIN.

account for the following year. Any overpayments will be

refunded.

FINAL RETURNS

When an estate or trust is to be terminated, or is required to

Please do not request that estimated payments be transferred

distribute current income during the taxable year and there is

between Individual and Fiduciary accounts. These requests will

distributable net income, the distributable net income is allocated

be denied.

to the beneficiaries. The beneficiaries must report their respective

shares in their IT-40 Individual Income Tax Return or IT-40 PNR

Since there is not a requirement to make estimated payments, there

Part-Year/Nonresident Individual Income Tax Return.

are no penalties for the underpayment of estimated tax currently

on this return.

If a final distribution of assets has been made during the year, all

income of the estate or trust must be reported to the beneficiaries.

EXTENSIONS

Please check the box on the front of the IT-41 if filing a final return.

If an extension of time to file is needed, the fiduciary may request

an extension of time to file. If no tax liability is anticipated, the

FORMS

Department accepts the federal extension of time application

The Indiana IT-41 Fiduciary Income Tax Return form is

(Form 7004, Application for Automatic Extension Time to File

available in a fillable format on our web site at

Certain Business Income Tax, Information, and Other Returns).

/files/IT-41.pdf. The Indiana

It is not necessary to contact the Department prior to filing the

IT-41ES Fiduciary Estimated Tax and Extension Payment

annual IT-41 Fiduciary return. A copy of the federal extension of

Voucher is available at /files/it-41es.pdf. If you

time must be attached to the return when it is filed.

do not have access to a personal computer, you may call the

Forms Order Request Line at (317) 615-2581 to have forms

If a fiduciary does not need a federal extension of time and one

mailed to you. You will need to leave the following information

is necessary for filing the state return, a letter requesting such an

on the voice mail system:

extension should be submitted to the Department prior to the

due date of the annual return. The request should be sent to In-

• Name of form or form number needed

diana Department of Revenue, Fiduciary Section, PO Box 6079,

• Number of copies needed

Indianapolis, IN 46206-6079.

• Contact person’s name

If you anticipate owing tax on the return, keep in mind that the

• Daytime phone number

extension is for time to file, not time to pay. To obtain an exten-

• A complete mailing address including city, state, and zip code

sion, the fiduciary must attach to Form IT-41 a copy of the ap-

Form It-41 - Fiduciary Income Tax Return Page 5

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