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CITY OF MEDFORD
Business Licenses
200 S. Ivy Street, 2nd Floor
Medford, Oregon 97501
P: 541.774.2025
F: 541.618.1726
business licenses×cityofmedford.reapplication FOR BUSINESS AND REGULATORY LICENSES
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What is p 541?
P 541 is a tax form used for reporting information related to trusts.
Who is required to file p 541?
Individuals or entities acting as trustees of a trust are required to file P 541.
How to fill out p 541?
P 541 can be filled out by providing information about the trust, its beneficiaries, income, and expenses.
What is the purpose of p 541?
The purpose of P 541 is to report the financial activity of a trust for tax purposes.
What information must be reported on p 541?
Information such as income received, expenses incurred, distributions made to beneficiaries, and any tax deductions or credits applicable to the trust.
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