Instructions For Form 141az - Arizona Fiduciary Income Tax Return

Arizona Form

2014 Arizona Fiduciary Income Tax Return

141AZ

Phone Numbers

NOTE: The fiduciary must file a final return for an estate

when the fiduciary is requesting a tax certificate required by

the probate court. In this case, the fiduciary must file a final

For information or help, call one of the numbers listed:

return regardless of the estate's income. See instructions for

Phoenix

(602) 255-3381

requesting a certificate on page 3.

From area codes 520 and 928, toll-free

(800) 352-4090

Fiduciary Filing Return on Arizona Form 140

Tax forms, instructions, and other tax information

If you need tax forms, instructions, and other tax

A personal representative must file a return on Arizona Form

information,

the

department’s

website

140 if any of the following apply:



The gross income of a single decedent was $15,000 or

Income Tax Procedures and Rulings

more.



The Arizona adjusted gross income of a single decedent

These instructions may refer to the department’s income tax

was $5,500 or more.

procedures and rulings for more information. To view or



The Arizona adjusted gross income of a married

print these, go to our website and click on Legal Research

decedent for which the representative will file a separate

then click on Procedures or Rulings and select a tax type

return was $5,500 or more.

from the drop down menu.



The gross income of a married decedent for which the

representative will file a separate return was $15,000 or

Publications and Brochures

more.

To view or print the department’s publications and



The Arizona adjusted gross income of a married

brochures, go to our website and click on Publications.

decedent and his or her surviving spouse for which a

joint return will be filed was $11,000 or more.

General Information



The gross income of a married decedent and his or her

surviving spouse for which a joint return will be filed

Estates

was $15,000 or more.

An Arizona resident estate is the estate of a decedent who

For individual filing purposes, gross income is gross income

was a resident of Arizona at the time of death. The starting

as defined under the Internal Revenue Code (IRC) less

point for the Arizona income tax computation for a resident

income included in gross income that is excluded from

estate is the estate’s federal taxable income.

Arizona taxation.

A nonresident estate is an estate that is not a resident estate.

Example:

The starting point for a nonresident estate is that portion of

A taxpayer died on June 29, 2014. The decedent had wages

the estate’s federal taxable income derived from Arizona

of $9,700 and interest income of $920 received through the

sources.

date of death. The personal representative files a final

Trusts

Arizona Form 140 for the period January 1, 2014, through

An Arizona resident trust is a trust of which the fiduciary is

June 29, 2014. The personal representative notes on the

a resident of Arizona.

If the trust has more than one

Form 140 that the taxpayer is deceased as of June 29, 2014.

fiduciary, the trust is a resident trust if at least one of the

The personal representative reports the wage and interest

fiduciaries is a resident of Arizona. If a corporate fiduciary

income of $10,620 on the Form 140. The personal

engaged in interstate trust administration is the sole fiduciary

representative reports all income that the estate receives

of a trust, or is a co-fiduciary with a nonresident, the trust is

from June 30, 2014, forward on the Form 141AZ.

a resident trust only if the corporate fiduciary conducts the

A fiduciary who has charge of the income of an individual

administration of the trust in Arizona. The starting point for

must file a return of income on Form 140 if that individual's

the Arizona income tax computation for a resident trust is

income meets the filing requirements. Such fiduciaries

the trust’s federal taxable income.

include guardians of minors and guardians or committees of

A nonresident trust is a trust that is not a resident trust. The

legally incompetent persons.

starting point for a nonresident trust is that portion of the

Where several fiduciaries exist, a return filed by one of two

trust’s federal taxable income derived from Arizona sources.

or more joint fiduciaries is sufficient.

Who Must File

Filing for a Charitable Remainder Trust

The fiduciary, or fiduciaries, must file a return for an estate

Charitable remainder trusts should file on Arizona Form

or trust if of the following apply:

141AZ. The fiduciary should indicate that the return is for a

1. The estate or trust has any Arizona taxable income for

charitable remainder trust by checking the appropriate box

the tax year.

on line 6.

2. The estate's or trust's gross income for the tax year is

The trustee should not enter any numerical figures on the

$5,000 or more, regardless of the amount of the Arizona

face of the return. The trustee should not complete an Arizona

taxable income.

Form 141AZ, Schedule K-1, or Schedule K-1(NR) for any of

The above also applies to bankruptcy estates.

its beneficiaries.

The fiduciary does not have to file a return if the income

does not exceed the amounts shown in items 1 or 2 above.

Instructions For Form 141az - Arizona Fiduciary Income Tax Return - 2014

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