This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-541 for the current year.
This document contains official instructions for Form IT-541 , Fiduciary Income Tax Return - a form released and collected by the Louisiana Department of Revenue. An up-to-date fillable Form R-6466 (IT-541) is available for download through this link.
Q: Who needs to file Form IT-541?
A: Any fiduciary with income derived from Louisiana sources or with a resident trust must file Form IT-541.
Q: What is the due date for filing Form IT-541?
A: Form IT-541 is due on the 15th day of the fourth month following the close of the tax year.
Q: What information and documents do I need to complete Form IT-541?
A: You will need information about the trust's income, deductions, and credits, as well as any supporting documents such as income statements or receipts.
Q: Are there any penalties for late filing of Form IT-541?
A: Yes, there are penalties for late filing of Form IT-541. The penalty is 5% of the tax due for each month or fraction of a month that the return is late, up to a maximum of 25%.
Instruction Details:
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