SAP Workflow AdministratorEvonik Corporation. A diligent and detail-oriented SAP Workflow Administrator and Accounts Payable Invoice Verification clerk with demonstrated experience in problem solving, accomplishing assignments on large multi-faceted projects, and creating various accounts payable training materials.
Form 1041 Complex Trusts - General Information. 1  A complex trust is any trust that does not qualify as a simple trust. 2  A complex trust can make charitable contributions.  A complex trust can distribute amounts allocated to the corpus of the trust (generally not shown on Form 1041).
A revocable trust is a legal entity. It refers to a type of trust in which can be amended or revoked. The alternative to a revocable trust is an irrevocable trust. As the name suggests, an irrevocable trust is a trust that can't be revoked. If you have a trust agreement, it is one or the other. On the other hand a simple trust refers to a federal tax designation. The alternative to a simple trust is a complex trust. The tax designation of a trust can be a bit confusing but it is generally determined by how income generated by the trust is distributed.