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Schedule J (1041 form) 2024 Illinois: What You Should Know

Form J, Annual Report and Statement of Assets and Liabilities — University of Illinois Foundation This is for tax year ending on or after July 1, 2020. For the 2024 tax year, Form J, is an annual filing for estate and trust income up to and including the filing due date. Do not complete Schedule A. The Form J is a 1040-X with Schedule A only. 2024 IL-1023 Fiduciary Income and Replacement Tax Return “If the estate does not have sufficient exempt amounts to meet the requirements of section 507, the estate is liable to a supplemental tax.” See the IRS website for the definition of supplemental tax. 2023-22 Fiduciary Income and Replacement Tax Return “The estate will be liable for a supplemental tax on the income of the covered trust if the estate's exempt amount exceeds the trust's net exempt amount.” 2023-22 Instructions for Form 990 and Schedules A, B, G, or G1S — IRS 20 24 Form K — Annual Report to Trustees (fiduciary report) 2023-29 Form K (fiduciary report) — IRS 2026 Form K (fiduciary report) — IRS A fiduciary report is an annual report to the trustees required for an estate or trust.

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