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Form Instructions 1041 for Franklin Ohio: What You Should Know

Mar 30, 2023 — If I am not required to file a return of the Ohio IT 1041, I may now mail this form and attachments to the appropriate agency; otherwise, I may also download a downloadable version in Adobe PDF format for filing to the county auditor's office, the Ohio Department of Taxation, and the Ohio Department of Job and Family Services. Payment of Filing Fees The executor must complete the Filing Fee Payment Authorization form prior to the issuance of Form 1041 and Schedules, and must provide payment to the county auditor's office for the county's share of the filing fee. If a county auditor accepts a Form 1041 and Schedule A from the executor of an estate and files those forms with her office, the executor and county auditor will both be assessed a one-time filing fee of 20.01. The executor's tax return, if it was due, must be filed no later than the due date of the estate tax return if the estate was a partnership, 600 if a sole proprietorship, or 100 if there were any separate taxpayer groups. If a tax return is filed after the due date for the estate tax return, a penalty of 15% will apply in addition to the 20.01 filing fee. If the estate is a partnership, Form 1042 must be filed with the return. If the estate is a sole proprietorship, Form 1031 must be filed. Failure to file these forms does not prevent the executor from filing an estate tax return. The executor may also have a tax lien placed against the return if that is the type of return the estate files. If the estate is a partnership, as well as filing a return, any executor failing to file a Form 1041 and Schedules will receive 15% of the return and, for each person failing to file an itemized statement for the partnership with the county auditor, the executor will be given 10% of the return plus up to 10% of the gross receipts from items sold by the partnership. Payment of Form 1041 and Schedules The executor must complete Form 1041 and Schedule A. The executor will be credited a 15.03 filing fee and an additional 0.50 per Schedule A filed if the executor is filing the Schedule A and itemizes all the items on the schedule. If the executor is filing the Schedule A, the executor will be charged a 1.65% additional fee.

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