The Fiduciary Info Category
The options in the
Fiduciary Info
category (referred to as Fiduciary Info options) provide fiduciary information. Fiduciary Info options can be set at all levels. The Fiduciary Info options include:Option | Description |
|---|---|
Name Name (cont.) | Enter the fiduciary's name in these options. You can enter a maximum of 45 characters in each field. The fiduciary name is used on all tax forms (except 1099s). 1099s use the payer information specified on the 1099 Control Information page. note
Enter your fiduciary name before electronically filing Massachusetts estimated tax payments. |
Street City State Zip Code | Use these options to enter the fiduciary street address, city, state and postal code. The fiduciary address and the fiduciary name are used on all tax forms except 1099s. 1099s use the payer information specified on the 1099 Control Information page. note
Tax forms allow only 40 characters for the fiduciary address. Abbreviate your fiduciary address if it is more than 40 characters. |
Phone number (enter as XXX-XXX-XXXX) | Enter the fiduciary's phone number. The fiduciary phone number is used on all tax forms except 1099s. 1099s use the payer information specified on the 1099 Control Information page. Your fiduciary phone number is used to remit New York and Pennsylvania balance due payments. note
Enter your fiduciary phone number before electronically filing Pennsylvania estimated tax payments. |
Fiduciary EIN | Enter the fiduciary's EIN. note
Enter your fiduciary EIN before electronically filing Massachusetts and Pennsylvania estimated tax payments. |
Fiduciary SSN (required for state e-filing if no EIN) | Enter the fiduciary's SSN if you do not have a fiduciary EIN and you want to e-file state resident returns. |
Fiduciary Title | Enter the fiduciary's title. |
Fiduciary situs | Select the fiduciary's situs state. If no state is selected, ONESOURCE Trust Tax assumes that the fiduciary situs state is the same as that of the account or trust. |
Fiduciary E-mail Address | Enter the fiduciary's email address. |
Suppress use of fiduciary digitized signature on federal/state forms Suppress use of paid preparer digitized signature on federal/state forms | These options determine whether digitized signature for the fiduciary and/or paid preparer is suppressed on federal and state forms. Select Yes to suppress the fiduciary or paid preparer digitized signature. Select No to print the fiduciary or paid preparer digitized signature. |
Suppress use of fiduciary signature on Form 8879-F, Form 8879-TE and state equivalents Suppress use of ERO signature on Form 8879-F, Form 8879-TE and state equivalents | These options determine whether the digitized signature for the fiduciary and/or ERO is suppressed on Form 8879-F, Form 8879-TE, and state equivalent forms. Select Yes to suppress the fiduciary or ERO digitized signature. Select No to print the fiduciary or paid preparer digitized signature. |
Bypass use of custom logos on Beneficiary/Recipient packages Bypass use of custom logos on Client Worksheet | If your organization prints a custom logo, these options allow you to suppress or print the custom logo on recipient packages and/or worksheets. Select Yes to suppress the custom logo. Select No to print the custom logo. |
Fiduciary Signature to be used Preparer Signature to be used Logo Image to be used | These options allow you to identify the fiduciary signature, preparer signature and the custom logo to use for recipient packages and/or client worksheets. |
Second logo to be used (Dual logos) for 1041 and 5227 Greeting letters only. Use of second logo will prevent logos from printing on Grantor letter | This option is not available for 1099-processed accounts. |
I authorize the ERO to enter my PIN as my signature on 1041 e-filed returns | Select Yes if you authorized a tax preparer to enter the fiduciary PIN in ONESOURCE Trust Tax. Otherwise, select No . |
Fiduciary 5 digit self-selected PIN for signing 1041 and New York e-filed returns | Enter a self-assigned, five-digit fiduciary PIN. The fiduciary PIN is used to sign 1041 and New York e-filed returns. Your fiduciary PIN prints as an alternate signature on Form 8879-F for e-filed federal 1041 returns. |
I authorize the ERO to enter my Officer PIN as my signature on 990 e-filed returns | Select Yes if you authorized a tax preparer to enter the officer PIN. Otherwise, select No . |
Officer 5 digit self-selected PIN for signing 990 e-filed returns | Enter a self-assigned, five-digit officer PIN. The officer PIN is used for signing the 990 series returns that are e-filed. Your officer PIN prints as an alternate signature on Form 8879-EO. |
Fiduciary Signature line (states and form 5227 only) | For state 1041 and 5227 returns, enter the text that you want printed on the fiduciary signature line. The print location of the fiduciary signature varies based on the space available in the signature area. If there is not enough space, the fiduciary signature is not printed. |
Officer/Trustee/Fiduciary Signature line (990 only) Title for Signature line (990 only) | These options determine what is printed on the officer or trustee signature line for 990 return types. Use the Officer/Trustee/Fiduciary Signature line (990 only) option to enter the text to print on the signature line.Use the Title for Signature line (990 only) option to enter the title to print on the signature line. |
Date for Fiduciary signature line (Will be used on all tax returns regardless of tax year) Override date for Fiduciary Signature line (Date entered must have a four character year, i.e., MM-DD-YYYY) | The Date for fiduciary signature line (Will be used on all tax returns regardless of tax year) option determines whether the compute date or the override date is used as the date for the signature lines on all 990 return types regardless of the tax year. If you select Override date , enter the date you want to use as the override date in the Override date for Fiduciary Signature line [Date entered must have a four character year, i.e., MM-DD-YYYY] option.When entering an override date, use the MM-DD-YYYY format. |
First name of officer signing the return (5227 Only) (Option applicable beginning with 2022 tax year) Last name of officer signing the return (5227 Only) (Option applicable beginning with 2022 tax year) SSN of officer signing the return (5227 Only) (Option applicable beginning with 2022 tax year) | These options apply to 5227 returns beginning with tax year 2022. Use these fields to enter the first name, last name and SSN of the officer signing the 5227 return. |
First name of officer signing the return (990 Only) (Option applicable beginning with 2020 tax year) Last name of officer signing the return (990 Only) (Option applicable beginning with 2020 tax year) SSN of officer signing the return (990 Only) (option applicable beginning with 2020 tax year) | These options apply to e-filing 990 return types beginning with tax year 2020. Use these fields to enter the first name, last name and SSN of the officer signing the 990 return type. |
Name (Form 2) Name (Form 2-G) In care of (Form 2 and Form 2-G) Street (Form 2 and Form 2-G) In care of city (Form 2 and 2-G) In care of zip code (Form 2 and 2-G) In care of state (Form 2 and 2-G) | These options apply to Massachusetts Forms 2 and 2-G. Use the Name (Form 2) and Name (Form 2-G) to enter the fiduciary name to print on the corresponding forms.Use the In care of (Form 2 and Form 2-G) , Street (Form 2 and Form 2-G) , In care of city (Form 2 and 2-G) , In care of zip code (Form 2 and 2-G) and In care of state (Form 2 and 2-G) to enter the information to print on the C/o line and as the street address on Forms 2 and 2-G. |
First name of fiduciary or officer representing the fiduciary (required for e-Filing) Last name of fiduciary or officer representing the fiduciary (required for e-Filing) Street Address Line 1 Street Address Line 2 | These options apply to New York returns. Use the First name of fiduciary or officer representing the fiduciary (required for e-Filing) and Last name of fiduciary or officer representing the fiduciary (required for e-Filing) options to enter the first and last name of the fiduciary or officer. These fields are required for e-filing New York returns.Use the street address fields to enter the fiduciary's street address. The street address fields are applicable beginning with the 2015 tax year. |
Change in fiduciary Change in fiduciary name Report change in fiduciary, fiduciary name, and fiduciary address on initial returns Report change in fiduciary or change in fiduciary's name on returns for the following two tax years Year 1 Year 2 Report change in fiduciary's address on returns for the following two tax years Year 1 Year 2 | Use these options if there was a change in the fiduciary's name or address. Select the Change in fiduciary option to indicate that the fiduciary name or address changed. Select the Change in fiduciary name option if there was a change in the fiduciary's name.Select Yes for the Report change in fiduciary, fiduciary name and fiduciary address on initial returns option to report the change in the fiduciary, fiduciary name and fiduciary address on initial year Form 1041 returns.note
The default is to not indicate a change in fiduciary on Form 1041 for initial year returns, even if the Change in fiduciary option is selected.Use the Report change in fiduciary, fiduciary name, and fiduciary address Year 1 and Year 2 options to select the first and second years in which you want to report the change in fiduciary name on Form 1041.Use the Report change in fiduciary's address on returns for the following two tax years Year 1 and Year 2 options to select the first and second years in which you want to report the change in fiduciary address on Form 1041. |
Old Fiduciary Name Old Fiduciary Name (cont.) Old Fiduciary Address Old Fiduciary City Old Fiduciary State Old Fiduciary Zip Code | If there was a change in the fiduciary's name or address, use these fields to enter the old fiduciary name and/or address. The old fiduciary name and/or address is reported on all tax returns for two years. |
Name Name continued Name continued Street Street continued City State Zip Code | These options apply to the WSC Plus Package. Set these options if you want the MLPs to send the prepared Schedule K-1s back to you. If you want the MLPs to send the prepared Schedule K-1s directly to the recipients, select the For WSC MLP processing use this recipient address check box on the recipient's Recipient Information page.Use the Name , Name continued and Name continued fields to enter the fiduciary name you want the MLPs to use when they send the prepared Schedule K-1s to you. These three fields allow for a person's name, a department, and the institution or company to print on separate lines. You can enter a maximum of 45 alpha-numeric characters in each name field.Use the Street and Street continued fields to enter the street address or post office box you want the MLPs to use when they send the prepared Schedule K-1s to you. You can enter a maximum of 45 alpha-numeric characters in each street field.Use the City , State and Zip Code fields to enter the city, state and zip code you want the MLPs to use when they send the prepared Schedule K-1s to you. The State field requires you to enter the two-character abbreviation for the state. |
Trustee Name Trustee Street Trustee City Trustee State Trustee Zip Code Trustee Identifying Number (SSN or EIN) | Use these options to enter the trustee's name, address and SSN or EIN to use for New York's Form IT-205-C and for e-filing purposes. |