Any income tax liability (income, deductions, gains, losses, etc.) of the estate or trust can be reported to the taxing authority with a 1041 tax return. Your tax professional can create a new 1041 tax return profile in your TaxCaddy account, allowing you to upload documents for your estate or trusts.
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Table of Contents:
Viewing your 1041 profile
On the Overview screen, click Documents.
Click TAX YEAR to select the tax year and TAX RETURN to select your 1041 tax return.
The 1041 TAX RETURN drop-down menu only appears when enabled by your tax professional. Use the Messages feature to contact your tax professional if you want to upload trust or estate documents.
All will be selected from the TAX RETURN drop-down menu by default. When All is selected, you will see all your documents of that tax year, regardless of the return type. The 1040 or 1041 badge indicates which tax return the document belongs to.
Alternatively, you can view a summary of your 1041 tasks by selecting it from the SWITCH TAX RETURN menu in the panel to the left of the Overview screen.
Uploading your documents
On the Upload Documents dialog box, select the TAX YEAR, TAX RETURN, and CATEGORY.
Click here to learn about uploading documents to your TaxCaddy profile.
The 1041 TAX RETURN drop-down menu only appears when enabled by your tax professional. Use the Messages feature to contact your tax professional if you want to upload trust or estate documents.
Select a Subcategory or click +Add New to add a new subcategory.
Click here to learn more about uploading documents to your TaxCaddy profile.
Once the document is uploaded you can view it in the Document Viewer window.
Click here to learn more about opening documents in the Document Viewer window.
The Messages panel to the right of the document is coming soon.
Moving documents between your 1040 and 1041 tax return profiles
On the Move Document dialog box, select the TAX YEAR, TAX RETURN, and CATEGORY you would like to move the document you've chosen to.
Click here to learn about moving documents in your TaxCaddy profile.
Signing documents
Any tax return uploaded to your account by your tax professional will be listed in your Task List under Sign. Click a listed signature request to view it in the Overview screen's document viewer.
Click here to learn more about signing documents in TaxCaddy.
Alternatively, you can click the Documents tab and select the Requested Items tab to view a complete list of the 1041 signature requests uploaded to your account.
You can select your 1041 tax return profile from the TAX RETURN drop-down menu if your 1041 tax return does not open by default.
Viewing 1041 Tax Returns
You can select your 1041 tax return profile from the TAX RETURN drop-down menu if your 1041 tax return does not open by default.
Any tax return uploaded to your account by your tax professional will be listed in your Task List under Tax Returns. Click a listed tax return to view it in the Overview screen's document viewer.
You can click DOWNLOAD within the document viewer window.
You can click VIEW ALL TAX RETURNS to view a complete list of your tax return documents uploaded to your account.
Viewing 1041 Tax Payments
Any tax payment uploaded to your account by your tax professional will be listed in your Task List as Pay - Tax Payments. Click this to open the Tax Payments tab.
Select your 1041 tax return profile from the TAX RETURN drop-down menu if your 1041 tax return does not open by default.
Click here to learn more about viewing a tax payment voucher.
Coming soon
The following features will be coming soon to TaxCaddy 1041 tax return profile:
- Activity feed
- Messages
iOS mobile app
Viewing your 1041 profile
From the Overview screen, tap Documents.
Tap the Tax Return drop-down menu to view your available tax return profiles.
The 1041 TAX RETURN drop-down menu only appears when enabled by your tax professional. Use the Messages feature to contact your tax professional if you want to upload trust or estate documents.
Select your 1041 tax return profile.
Your selected tax return profile will appear in the Tax Return menu.
Viewing a tax return
From the Overview screen, tap Tax Returns.
Tap the tax year to view tax returns that belong to another tax year.
Tap the Tax Return drop-down menu to view your available tax return profiles.
The 1041 TAX RETURN drop-down menu only appears when enabled by your tax professional.
Select your 1041 tax return profile.
Uploading and Moving your documents
Tap Tax Return to select the tax return profile you are uploading or moving your documents to.
Click here to learn about uploading documents to your TaxCaddy profile.
Click here to learn about moving documents between different tax return profiles.
Select your 1041 tax return profile from the Select Tax Return screen.
If applicable, tap a subcategory or add a new subcategory. To add a new subcategory, tap the Add icon.
Signing documents
Tap the Tax Return drop-down menu to select the tax return profile you are fulfilling a request for. Alternatively, you can tap SELECT TAX RETURN to select a tax return profile.
Click here to learn about the entire document signature process in TaxCaddy.
Select your 1041 tax return profile from the Select Tax Return screen.
Tap REQUESTED to view requests from your tax professional.
Tap a request to open it in the Document Viewer.
Tap the Sign icon on the lower right side to open the signature menu.
- Tap Sign & Accept to begin the signature process.
- Tap Decline to decline signing the document.
Click here to learn about the entire document signature process in TaxCaddy.
Coming Soon
The following features will be coming soon to TaxCaddy 1041 tax return profile:
- Activity feed
- Messages
Android mobile app
Viewing your 1041 profile
From the Overview screen, tap Tax Documents.
Tap the Tax Return drop-down menu to view your available tax return profiles.
The 1041 TAX RETURN drop-down menu only appears when enabled by your tax professional. Use the Messages feature to contact your tax professional if you want to upload trust or estate documents.
You can select All from the TAX RETURN drop-down menu to display all documents from the selected tax year, regardless of tax return type.
Select your 1041 tax return profile.
Your selected tax return profile will appear in the Tax Return menu.
Uploading and Moving your documents
Tap Tax Return to select the tax return profile you are uploading or moving your documents to.
Click here to learn about uploading documents to your TaxCaddy profile.
Click here to learn about moving documents between different tax return profiles.
Select your 1041 tax return profile from the Select Tax Return screen.
If applicable, tap a subcategory or add a new subcategory. To add a new subcategory, tap the Add icon.
Signing documents
Tap the Tax Return drop-down menu to select the tax return profile you are fulfilling a request for. Alternatively, you can tap SELECT TAX RETURN to select a tax return profile.
Click here to learn about the entire document signature process in TaxCaddy.
Select your 1041 tax return profile from the Select Tax Return screen.
Tap REQUESTED to view requests from your tax professional.
Tap a request to open it in the Document Viewer.
Tap the Sign icon on the lower right side to open the signature menu.
- Tap Sign & Accept to begin the signature process.
- Tap Decline to decline signing the document.
Click here to learn about the entire document signature process in TaxCaddy.
Coming Soon
The following features will be coming soon to TaxCaddy 1041 tax return profile:
- Activity feed
- Messages
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