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Travis Texas Form 1040-ES (NR): What You Should Know
MLS Estate/Trust Taxes, and MLS Trusts are the property of and are licensed to Major League Soccer, L-Society, and related entities. Major League Soccer makes no claim, implication, or warranty as to the correctness, completeness, or usefulness of the information provided on MLS.com or of the products and services provided by L-Society or any entity affiliated with Major League Soccer. L-Society does not represent or warrant that any product or service provided will meet your needs or be available at all times, and you acknowledge and agree that (a) the information posted on MLS is not guaranteed to be correct; (b) Major League Soccer reserves the right to make changes to MLS.com, including the addition or deletion of content, at any time in its sole discretion; and (c) Major League Soccer reserves the right to change or suspend any and all payment plans with respect to forms, documents, or offers offered via MLS.com. MLS Estate and Trust Taxes are not taxable when paid by an individual or a corporation unless otherwise stated in the contract of sale. Any estate or trust must be designated and must pay tax on its distribution. In the event of death, the estate or trust must make the required IRS tax payments, including the quarterly estimated tax and any future due or unpaid taxes. MLS, L-Society, and related entities are not permitted to accept any estate or trust taxes for purposes of making distribution payments to beneficiaries. In the event that a trustee for the estate or trust is unable or unwilling to pay the taxes due, the individual holding the property becomes the responsible taxpayer with respect to the estate or trust and is responsible for making distribution payments. Form 1120-ES for Estate and Trust Taxes If you or other beneficiaries of an estate or trust are a resident of Guam, the following details on Form 1120-ES, Estate and Trust Tax Return must be filled out correctly: The Form 1120-ES must be completed on paper. Use a 4-inch by 6-inch sheet of paper, preferably one with at least 100 pages. Use a printer or personal computer to prepare this form. Keep a copy of the form as evidence of the information obtained. Each individual or entity is required to complete each section individually. The form should be filed or received no later than 7 days (7) after the estate or trust is created.
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