Lyon, a cash-basis taxpayer, died on January 15, 2013. In 2013, the estate executor made the required periodic distribution of $9,000 from estate income to Lyon’s sole heir. The following pertains to the estate’s income and disbursements in 2013:
            2013 Estate Income
$20,000    Taxable interest
10,000      Net long-term capital gains allocable to corpus 2013 Estate Disbursements
$5,000      Administrative expenses attributable to taxable income
Lyon’s executor does not intend to file an extension request for the estate fiduciary income tax return. By what date must the executor file the Form 1041, US Fiduciary Income Tax Return, for the estate’s 2013 calendar year?
a. March 15, 2014.
b. April 15, 2014.
c. June 15, 2014.
d. September 15, 2014.
Answer:B
The requirement is to determine the due date for the Fiduciary Income Tax Return (Form 1041) for the estate’s 2013 calendar year. Form 1041 is due on the 15th day of the fourth month following the end of the tax year. Thus, an estate’s calendar-year return is generally due on April 15th of the following year.