IRS Publishes 2012 Estates and Trusts Data

The IRS recently published statistical tables detailing sources of income, deductions, and tax liability for estates and trusts for the 2012 filing year. The tables, which are based upon information reported on Form 1041, concern decedent’s estates, simple trusts, complex trusts, qualified disability trusts, grantor type trusts, electing small business trusts (ESBT), bankruptcy estates and pooled income funds.

Table 1 is organized by tax status and size of total income, Table 2 is organized by type of entity, and Table 3 is organized by state and type of entity. 

See SOI Tax Stats – Income from Trusts and Estates Statistics, irs.gov, Jan. 6, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.