Trust Tax Return Form 2016

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  • Post published:April 7, 2022
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Current year (2020) Fiduciary forms These are fiduciary forms that are due in 2021 on income earned in 2020. The trustee of the estate, trust, or bankruptcy of a deceased domestic submits Form 1041 to declare the following: Maine levies income tax on estates or trusts. Tax rates are staggered and correspond to personal tax rates. For taxation years beginning after December 31, 2012 but before January 1, 2016, the rates are 0%, 6.5% and 7.95%. For taxation years beginning after 2015, the rates are 5.8%, 6.75% and 7.15%, respectively. The trustee of a trust or estate must file Maine Form 1041ME if the trust or estate: (1) has Maine income; 2) has all Maine add-on changes; or 3) has a gross income of $10,000 or more. . . .