Anonymous wrote:
Anonymous wrote:Trump issued an order saying you can't pay taxes with a paper check anymore.
Problem: there does not seem to be a way for trusts to pay taxes electronically on the IRS website.
Direct Pay is only for individuals. EFTPS is for businesses and agencies. I tried to sign up as a trust but there is no option to do that.
Last spring, we tried to pay the taxes electronically for various trusts through our accountant's software program. It was a disaster. The payments for the previous year went through and some of the estimated taxes have gone through and some have not. The accountant swears he scheduled them but they aren't all getting paid. And you should not have to pay a third party to make tax payments.
So how are we supposed to pay taxes on trusts?
These are for my elderly mom, FYI. Standard estate planning that created a family trust and a marital trust.
And yes, we will be paying out some but not all of the interest to her to be put on her individual tax returns. Apparently we don't have the correct language in the trust to pay out cap gains, so at a minimum we will need to file a trust return for those.
I imagine we’ll run into way more of these issues with an understaffed IRS. You really can’t blame the line staff.
Does your accountant go to any professional development events or are they a member of any consortiums, where they might be able to source responses to this question?