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Discussion of tax rules for nonexempt trusts under Internal Revenue Code section 4947.

Information about Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts, including recent updates, related forms and instructions on how to file. Taxpayers use this form to figure the amount of their net investment income tax (NIIT).

Information about Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts, including recent updates and related forms. Publication 536 explains how to figure a net operating loss (when deductions exceed income) for individuals, estates and trusts.

Form 8855 is used to make a section 645 election, which election allows a qualified revocable trust to be treated and taxed (for income tax purposes) as part of its related estate during the election period. The trustees of each qualified revocable trust (QRT) and the executor of the related estate, if any, use this form to make a section 645 election. This election allows a QRT to be treated and taxed (for income tax purposes) as part of its related estate during the election period. Once the election is made, it cannot be revoked.

Form 1041-A is used by trusts claiming a contributions deduction under section 642(c) or split-interest trusts described in section 4947(a)(2) to report information required by section 6034. Use this form to report the charitable information required by section 6034 and the related regulations.

Information about Form 8801, Credit for Prior Year Minimum Tax - Individuals, Estates, and Trusts, including recent updates, related forms, and instructions on how to file. Form 8801 is used to figure the minimum tax credit for AMT incurred in prior years and to figure any credit carryforward.

This section contains information on topics such as tax credits, rental income and expenses, and the sale of your residence.

Information such as tax tips and trends and statistics for the real estate industry.

If you are a person responsible for withholding, accounting for, or depositing or paying specified taxes including NRA withholding and employment taxes, and willfully fail to do so, you can be held personally liable for a penalty equal to the full amount of the unpaid trust fund tax, plus interest.

Find out about IRS redemptions.