Tax Returns for Deceased Individuals Quiz

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Which return is required for all deceased individuals?

Return for Income from a Testamentary Trust

Rights or Things Return

Final T1 return (correct)

Partnership or Proprietorship Income Return

Which return is elective or optional depending on the types of income of the deceased?

Partnership or Proprietorship Income Return

Return for Income from a Testamentary Trust

Final T1 return

Rights or Things Return (correct)

What type of income does the Return for Income from a Testamentary Trust focus on?

Business Partnership Income

Testamentary Trust Income (correct)

Investment Income

Individual Employment Income

When should the Partnership or Proprietorship Income Return be filed?

Only if the deceased had partnership income Signup and view all the answers

Which return has a specific provision number of 150(4) according to the text?

Partnership or Proprietorship Income Return Signup and view all the answers

What is the filing deadline for the Final T1 Return if an individual passes away on November 15?

June 15 of the following year Signup and view all the answers

If an individual died on October 20, by when should the Final T1 Return be filed?

April 30 of the following year Signup and view all the answers

What is the filing deadline for the Final T1 Return if an individual dies on December 20?

Within six months after the date of death Signup and view all the answers

In what situation does the Final T1 filing deadline differ from the usual April 30 deadline?

When the deceased was carrying on a business as a sole proprietor or partner Signup and view all the answers

What happens if a Final T1 Return is filed after its respective deadline?

A fixed penalty Signup and view all the answers

Tax Returns for Deceased Individuals Quiz

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Questions and Answers

Which return is required for all deceased individuals?

Which return is elective or optional depending on the types of income of the deceased?

What type of income does the Return for Income from a Testamentary Trust focus on?

When should the Partnership or Proprietorship Income Return be filed?

Which return has a specific provision number of 150(4) according to the text?

What is the filing deadline for the Final T1 Return if an individual passes away on November 15?

If an individual died on October 20, by when should the Final T1 Return be filed?

What is the filing deadline for the Final T1 Return if an individual dies on December 20?

In what situation does the Final T1 filing deadline differ from the usual April 30 deadline?

What happens if a Final T1 Return is filed after its respective deadline?

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