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 trust is a separate legal entity for income tax purposes, and thus must file its own tax forms. A trust that is required to distribute all its income currently is considered a simple trust; otherwise the trust is a complex trust.n 2008, when you distributed half of the trust to your son, all the 2008 income will be taxed to him, and accordingly you will need to complete a Schedule K-1 for him. He in turn will include the K-1 amounts on his individual return. It is hoped he saved some money for taxes.