Legal Question in Tax Law in Florida

My mother has a revocable trust in which she was serving as the sole trustee. Due to her health she resigned and I became the sole trustee. Her attorney had me open/change her accounts showing that the I was now the trustee of her trust. He had me get a EIN from the IRS. I'm concerned that I may have not filed the taxes correctly. She had dividend income from an account with the EIN which I reported on her 1040, sch A. I have

since found a form 1041 which looks like it's for trusts. What should I have filed?


Asked on 5/03/10, 8:23 am

1 Answer from Attorneys
David Labovitz Labovitz Law Firm, P.A.

I'm not really sure why you have gotten a new EIN for the trust. Revocable trusts report under the grantor's social security number until death. Upon death, they turn irrevocable and then are required to report income with a new EIN.

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Answered on 5/08/10, 9:48 am


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