Important Changes to 2016 Fiduciary Forms

  • An “Amended return” oval, and “Amended return due to federal change,” oval added to Fiduciary tax returns. Taxpayers who need to change a line item on their originally filed return can simply fill in that oval as opposed to filing an application for abatement.
  • Two new withholding lines added to Form 2G (lines 22-24)
  • The following credits have been added to Schedule 2K-1:
    • Senior Circuit Breaker, Solar/Wind, Septic, Certified Housing Development and Life Science Company
  • “Fill in if showing a loss” ovals used now instead of negative sign or parens.
  • Tax rate references changed to 5.1% from 5.15%