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Level 3
September 20, 2021
Solved

Do you need to file a 1041 if an EIN was applied for but did not have $600 in income?

  • September 20, 2021
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Client applied for an EIN for a Decedent's estate and on the EIN Letter it states the date the 1041 tax return is due.  The estate made less than $600.  Do they need to file a 1041 tax return or notify the IRS to close out the account?

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Best answer by BobKamman

IRS needs to change that form letter that tells every estate with an EIN that it needs to file a 1041.  No, you don't have to file.  

1 reply

BobKamman
BobKammanAnswer
Level 15
September 20, 2021

IRS needs to change that form letter that tells every estate with an EIN that it needs to file a 1041.  No, you don't have to file.