Our personal taxes are complicated enough we pay someone to do them for us. But throughout the year I make rough estimates of the tax implications of things we want to do financially before we progress them. I have found many good online tools to do this, some provided by this Board (thank you!). My current favorite is: https://cotaxaide.org/tools/Estimated Tax Worksheet.html .
HOWEVER, I also serve as Trustee of a non-grantor , non-revocable, complex trust. These trusts are covered by IRS form 1041 and have their own tax brackets, standard deductions, etc... None of the free online tools I've found will estimate taxes for a trust of this type. So I've made a spreadsheet to do what I need ... but I'd prefer to have an online tool to run as well. Partly just as a double check of my results. Partly so I don't have to update my own spreadsheet each time the tax code changes.
Does anyone know of a free online tool that will estimate non-grantor (non-revocable), complex trust taxes?
HOWEVER, I also serve as Trustee of a non-grantor , non-revocable, complex trust. These trusts are covered by IRS form 1041 and have their own tax brackets, standard deductions, etc... None of the free online tools I've found will estimate taxes for a trust of this type. So I've made a spreadsheet to do what I need ... but I'd prefer to have an online tool to run as well. Partly just as a double check of my results. Partly so I don't have to update my own spreadsheet each time the tax code changes.
Does anyone know of a free online tool that will estimate non-grantor (non-revocable), complex trust taxes?