Estate and Trusts

For Estates where the decedent had net assets in excess of $1 million, a one-time filing is required to report the total assets and liabilities of the estate. Due nine months after date of death: Federal Form 706 and Arizona Form 76. Plus, any other state where the decedent had an interest in real property. Estates are also required to file an annual return reporting its income and deductions until all assets have been distributed

• Federal Form 1041
• Arizona 141 and Form K-1 to beneficiaries receiving a distribution.