Joe is the trustee of a trust set up for his father. Under the Internal Revenue Code, when Joe prepares the annual trust tax return, Form 1041, he

A. Must obtain the written permission of the beneficiary prior to signing as a tax return preparer.
B. Is not considered a tax return preparer.
C. May not sign the return unless he receives additional compensation for the tax return.
D. Is considered a tax return preparer because his father is the grantor of the trust.

Answer: B. Is not considered a tax return preparer.

Business

You might also like to view...

What is cooperative form?

a. A structure in which employees are incentivized to help each other b. A situation in which industry leaders (that are competitors) will work together to benefit both of their companies c. An M-form structure in which horizontal integration is used to bring about interdivisional cooperation d. An M-form structure in which vertical integration is used to bring cost saving incentives

Business

The interest rate on the 10 year Treasury Bond has rarely fallen below the rate of inflation

Indicate whether the statement is true or false.

Business