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).
The importance of distinguishing accounting income from the corpus or principal of the trust again lies in the unique difference between simple and complex trusts. Simple trusts are required to pay out all of the accounting income to the beneficiary of the trust. Complex trusts are much more flexible in that they can pay out dividends and principal to the beneficiaries, or just let the accounting income accumulate within the trust.