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Testamentary Trusts


#1

Most testamentary trusts having a non-calendar 2015 year end will essentially be required to file a second 2015 T3 return with a December 31/2015 year end.

How does TaxCycle propose to handle the carry forward of a T3 return in these circumstances?

Thank you.


#2

And it won’t be a one-time issue for 2015. I am sure that there will continue to be some testamentary trusts that may have a non-December year end for up to 36 months and then have to change to a December year end.


#3

Likely have to roll the previous year again and change the dates for the stub year end,