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Posted by Mark Bole on April 25, 2008, 10:18 pm
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removeps-groups@yahoo.com wrote:
[...]
> I've seen a letter from the IRS aftet the paperwork was done and the
> living trust was created, and it says a form 1041 is due by April 15,
> 2005. So then I was assuming that a 1041 is required. But the person
> did not file the 1041, and nothing happened.
>
> ========================================= MODERATOR'S COMMENT:
> Sounds as if someone took out an EIN for the living trust, an
> unnecessary complication that probably generated the IRS notice
Not the first time the instructions for Form SS-4 have been vague at
best. For a trust, they ask "what date was the entity created"? After
you learn the hard way, you know what to answer -- the date the trust
became irrevocable (typically, at death of the grantor).
-Mark Bole
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