Form Mo 1041 – Fill Out and Use This PDF

The Form MO-1041, issued by the Missouri Department of Revenue, serves as the Fiduciary Income Tax Return for trusts and estates. It is a required document for reporting income, deductions, and tax obligations of estates or trusts for the specified tax year. For those managing an estate or trust, accurately completing and submitting this form by the designated due date is crucial in fulfilling state tax obligations. To help ensure your responsibilities are met with precision, click the button below to start filling out your Form MO-1041.

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Form Mo 1041 PDF Details

Navigating the complexities of fiduciary income tax in Missouri is made more straightforward with the Missouri Department of Revenue's Form MO-1041, which serves as the annual tax return for estates and trusts. As the state counterpart to the federal Form 1041, this document is critical for fiduciaries tasked with reporting income, deductions, and credits on behalf of an estate or trust. Required for both resident and nonresident entities, the form requires detailed information including the entity's identification, income breakdown, federal deductions, and specifically Missouri adjustments. Comprehension of this form is vital as it not only ensures compliance with state tax laws but also plays a role in determining the financial duties owed or refunds due to the estate or trust. Details such as the character of the trust or estate, the taxable income after federal and specific state adjustments, and the allocation of income to beneficiaries through Missouri fiduciary adjustments are all encompassed within this form. With deadlines typically set in the mid-April of the following year, or the fifteenth day of the fourth month after the closure of the taxable year for fiscal filers, timely and accurate completion of Form MO-1041 helps fiduciaries avoid penalties and secure a proper handling of tax responsibilities.

Question	Answer
Form Name	Form Mo 1041
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	MO 1041_2011 mo 1041 form

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MISSOURI DEPARTMENT OF REVENUE

FIDUCIARY INCOME TAX RETURN

2011

FORM

MO-1041

ATTACH COPY OF FEDERAL FORM 1041

AND SUPPORTING SCHEDULES,

INCLUDING SCHEDULE K-1.

FOR THE CALENDAR YEAR 2011 OR FISCAL YEAR BEGINNING

2011, ENDING

, 20

THIS RETURN IS DUE ON APRIL 17, 2012 FOR CALENDAR YEAR RETURNS OR FOR FISCAL YEAR RETURNS IT IS DUE ON OR BEFORE THE FIFTEENTH DAY OF THE FOURTH MONTH AFTER CLOSE OF THE TAXABLE YEAR.

CHECK APPLICABLE BOXES:

ADDRESS, FEIN CHANGE

INITIAL RETURN

FINAL RETURN

AMENDED RETURN

NAME OF ESTATE OR TRUST

FEDERAL I.D. NUMBER

NAME AND TITLE OF FIDUCIARY

IF ESTATE, ENTER

SOCIAL SECURITY NUMBER

SOCIAL SECURITY

NUMBER OF

DECEDENT

ADDRESS OF FIDUCIARY (NUMBER AND STREET)

DOR USE ONLY

P.M.

CODE

CITY, STATE, ZIP CODE

INFORMATION FOR FILING

A.CHECK IF: ESTATE

BANKRUPTCY ESTATE

GRANTOR TRUST SIMPLE TRUST COMPLEX TRUST

B.IF TRUST, CHECK: TESTAMENTARY INTER VIVOS

C.CHECK IF ESTATE OR TRUST IS: RESIDENT

NONRESIDENT

D.IS THIS AN ELECTING SMALL BUSINESS TRUST (ESBT)?

YES


E. During this taxable year, was the estate or trust notified of any federal change for any prior years?			Yes	No
If YES, has an amended Missouri return been filed?	Yes	No If an amended return has not been filed, attach explanation.

F. Did the estate or trust receive federal tax‑exempt income?

YES

NO (If “yes”, enter the amount of non‑Missouri tax‑exempt interest income and exempt‑

interest dividends here $		, and on the reverse side, Part 1, Line 4).

G.Does the estate or trust have any Missouri adjustments from Part 1 on the reverse side? ...........................................................

H.If the estate or trust has any nonresident beneficiaries, is any income from sources other than Missouri? ..................................

I.Does Federal Form 1041, Line 22 reflect any taxable income of the estate or trust?....................................................................

YES YES YES

NO (or not applicable)

J. If NO to ALL four questions, do NOT complete remainder of form. DO complete Form MO‑NRF, Parts 1, 2, 4, and 6 for nonresident beneficiaries, if a distribution of Missouri source income was made.

K.If a NONRESIDENT estate or trust with income from both Missouri and non‑Missouri sources — omit Lines 1–12, attach Form MO‑NRF, check this box and skip to Line 13.

INCOME

1.	Federal taxable income (from Federal Form 1041, Line 22 but not less than 0)			t			t	1
2.	............................................Federal income tax (from Federal Form 1041, Schedule G, Line 4)			t	2		00
3.	Other federal income tax (from Federal Form 1041, Schedule G, Lines 2a and 5)			t	3		00
4.	Total federal deductions — add Lines 2 and 3	.............................................................................		t	4		00
5.	Federal tax deduction. Enter amount from Line 4 not to exceed $5,000			t	5		00
6.	Capital gain exclusion on sale of low income housing; see instructions			t	6		00
7.	Health care sharing ministry deduction			t	7		00
8.	Estate or trust’s share of Missouri fiduciary adjustment — SUBTRACTION (from Part 2, Column 6) ...			t	8		00
9.	Total subtractions — add Lines 5, 6, 7, and 8						t	9
10. Estate or trust’s share of Missouri fiduciary adjustment — ADDITION (from Part 2, Column 6)							t	10
11. Balance — Line 1 less Line 9, plus Line 10								11
12. Excess federal exemption (if Line 1 is equal to zero and Line 11 is positive, enter the excess amount of the personal
	exemption not used to reduce the federal taxable income to zero, after all other deductions are subtracted).						t
	Exemption is not allowed on final return						t	12
13. Missouri taxable income (Line 11 less Line 12 for Missouri residents or from Form MO‑NRF, Part 5, Line 9 for nonresidents)							t	13
TAX
14.	MISSOURI INCOME TAX (see tax table on page 7 of instructions)						t	14
15.	Credit for income tax paid to another state by resident estate or trust (attach Form MO‑CR and copy of other state’s return) ....						t	15
16.	BALANCE — subtract Line 15 from Line 14							16
17.	Other taxes (check the appropriate box)	Lump sum distribution	Recapture taxes	.................................................			t	17
18.	TOTAL TAX — add Lines 16 and 17							18
CREDITS AND PAYMENTS
19. Credits (attach Form MO‑TC)							t	19
20.	Payments (see instructions)						t	20
21. TOTAL CREDITS AND PAYMENTS. Add Lines 19 and 20								21
REFUND OR TAX DUE
22.	OVERPAYMENT — If Line 21 is greater than Line 18, enter amount overpaid		............................................................			REFUND	t	22
22.						REFUND		22
23.	TAX DUE — If Line 18 is greater than Line 21, enter amount due						t	23
24.	Interest						t	24
24.	Interest						t	24
25.	Additions to tax						t	25
25.	Additions to tax						t	25
26.	TOTAL DUE — add Lines 23 through 25 (U.S. funds only)		(PAY THIS AMOUNT) TOTAL DUE				t	26
26.	TOTAL DUE — add Lines 23 through 25 (U.S. funds only)		(PAY THIS AMOUNT) TOTAL DUE					26

For Privacy Notice, see the instructions.

MO-1041 (10-2011)

2011 FORM MO-1041

PAGE 2

NAME OF ESTATE OR TRUST AS SHOWN ON PAGE 1

FEDERAL I.D. NUMBER

PART 1 — MISSOURI FIDUCIARY ADJUSTMENT

Enter Missouri modifications which are related to items of income, gain, loss, and deductions that are determinants of federal distributable net income.

ADDITIONS (attach explanation of each item)

1.	State and local income taxes deducted on Federal Form 1041, Line 11			1		00
2.	Less: Kansas City and St. Louis earnings taxes			2		00
3.	Net (subtract Line 2 from Line 1)					3		00
4.	Non‑Missouri state and local bond interest			4		00

5.	Less: related expenses (omit if less than $500)			5		00

6.	Net (subtract Line 5 from Line 4)						6	00
7.	Partnership	Fiduciary	Other adjustments (list	)		................................... 7		00

8.	Food Pantry contributions included on Federal Schedule A						8	00
9.	Nonresident Property Tax deducted on Federal Form 1041, Line 11						9	00
10. Total of Lines 3, 6, 7, 8, and 9						10		00
SUBTRACTIONS (attach explanation of each item)
11. Interest from exempt federal obligations (attach a detailed list)				11		00

12. Less: related expenses (omit if less than $500)				12		00

13. Net (subtract Line 12 from Line 11)							13	00
14. Amount of any state income tax refund included in federal taxable income							14	00
15.	Partnership	Fiduciary	Other adjustments (list		)	................................... 15		00
15.	Partnership	Fiduciary	Other adjustments (list		)	................................... 15		00
16.	Missouri depreciation adjustment		(See Section 143.121, RSMo.)				16	00
17.	Total of Lines 13, 14, 15, and 16						17	00
18.	Missouri fiduciary adjustment — NET ADDITION — subtract Line 17 from Line 10						18	00
19.	Missouri fiduciary adjustment — NET SUBTRACTION — subtract Line 10 from Line 17					19		00

PART 2 — ALLOCATION OF MISSOURI FIDUCIARY ADJUSTMENT

Complete Part 2 ONLY if Part 1 indicates a Missouri fiduciary adjustment. The adjustment is allocated among all beneficiaries and estate or trust in the same ratio as their relative shares of federal distributable net income.

COMPLETE LIST OF BENEFICIARIES (RESIDENT AND NONRESIDENT)

1. NAME OF EACH BENEFICIARY. ALL BENEFICIARIES MUST BE LISTED.	2. CHECK BOX	3. SOCIAL SECURITY	SHARES OF FEDERAL		6. SHARES OF MISSOURI
	IF BENEFICIARY		DISTRIBUTABLE NET INCOME		FIDUCIARY ADJUSTMENT
USE ATTACHMENT IF MORE THAN FOUR.	IS	NUMBER
					ADDITION	SUBTRACTION
	NONRESIDENT		4. PERCENT	5. AMOUNT

a)		%	00	00
b)		%	00	00
c)		%	00	00
d)		%	00	00
Charitable Beneficiaries	%		00	00
Estate or Trust	%		00	00
TOTALS	100%		00	00
COLUMN 4 —	Indicate percentages.

COLUMN 5 —Total federal distributable net income from Federal Form 1041, Schedule B, Line 7.

COLUMN 6 —Enter Missouri fiduciary adjustment from Part 1, Line 18 or 19, as the total of Column 6. Multiply each percentage in Column 4 by the total in Column 6. Indicate at top of Column 6 whether the adjustments are additions or subtractions.

COLUMNS 4, 5, AND 6 — Attach a detailed explanation of the allocation method used if there is no federal distributable net income or if the percentages do not agree with the relative shares indicated on Federal Form 1041, Schedules B and K‑1.

COLUMN 6 —The amount after each name is reported as a modification, either as an addition to or subtraction from federal adjusted gross income. Each beneficiary should add the explanation: “FIDUCIARY ADJUSTMENT — (NAME OF ESTATE OR TRUST)”. A copy of this part (or its information) must be provided to each beneficiary. The estate or trust’s share of the adjustment is entered on Page 1, Line 8 or Line 10.

If you pay by check, you authorize the Department of Revenue to process the check electronically. Any check returned unpaid may be presented again electronically.

AUTHORIZATION

I authorize the Director of Revenue or delegate to discuss my return
and attachments with the preparer or any member of his/her firm.	YES	NO

PREPARER’S TELEPHONE NUMBER

( )

SIGNATURE — PLEASE SIGN BELOW

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which he/she has any knowledge. As provided in Chapter 143, RSMo, a penalty of up to $500 shall be imposed on any individual who files a frivolous return. I also declare under penalties of perjury that I employ no illegal or unauthorized aliens as defined under federal law and that I am not eligible for any tax exemption, credit or abatement if I employ such aliens.

SIGNATURE OF FIDUCIARY OR OFFICER REPRESENTING FIDUCIARY

SIGNATURE OF PREPARER OTHER THAN FIDUCIARY

FEIN OR PTIN

DATE

TELEPHONE NO.

ADDRESS

DATE

()

MAIL RETURN AND REQUIRED ATTACHMENTS TO: MISSOURI DEPARTMENT OF REVENUE, P.O. BOX 3815, JEFFERSON CITY MO 65105-3815.

MO-1041 (10-2011)

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Step 1: Simply click the "Get Form Button" above on this site to start up our form editing tool. There you will find all that is required to fill out your file.

Step 2: After you launch the PDF editor, there'll be the form made ready to be filled out. Aside from filling in various blanks, you may as well do various other things with the PDF, namely adding custom text, editing the initial text, adding illustrations or photos, putting your signature on the document, and more.

As for the fields of this particular form, this is what you want to do:

1. It is crucial to fill out the Form Mo 1041 correctly, thus take care when filling in the segments that contain these blank fields:

Guidelines on how to fill out Form Mo 1041 part 1

2. Right after finishing this section, go to the next part and fill in all required particulars in all these fields - and skip to Line, t t t t t t t, INCOME t Federal taxable income, Recapture taxes, Lump sum distribution, t t, t t, and OVERPAYMENT If Line is greater.

Form Mo 1041 completion process detailed (portion 2)

3. Completing OVERPAYMENT If Line is greater, and For Privacy Notice see the is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Be really mindful when filling in OVERPAYMENT If Line is greater and OVERPAYMENT If Line is greater, since this is where a lot of people make mistakes.

4. The subsequent subsection will require your attention in the subsequent parts: FORM MO NAME OF ESTATE OR TRUST, FEDERAL ID NUMBER, PAGE, Partnership, Fiduciary, PART MISSOURI FIDUCIARY, Other adjustments list, Other adjustments list, Partnership, and Fiduciary. Make sure that you enter all of the needed information to move forward.

Form Mo 1041 completion process explained (step 4)

5. Because you near the conclusion of this document, you'll notice several extra things to complete. Specifically, Missouri fiduciary adjustment, NAME OF EACH BENEFICIARY ALL, USE ATTACHMENT IF MORE THAN FOUR, CHECK BOX IF BENEFICIARY, NONRESIDENT, SOCIAL SECURITY, NUMBER, SHARES OF FEDERAL, DISTRIBUTABLE NET INCOME, SHARES OF MISSOURI FIDUCIARY, PERCENT, AMOUNT, ADDITION, SUBTRACTION, and COMPLETE LIST OF BENEFICIARIES must all be filled out.

Step 3: After you've looked again at the details entered, click "Done" to conclude your form. Download the Form Mo 1041 the instant you join for a 7-day free trial. Quickly view the pdf form from your personal account, with any modifications and adjustments conveniently preserved! At FormsPal.com, we aim to make sure all of your details are stored private.

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