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Louisiana Fiduciary Income Tax Return
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Extracted from PDF file 2025-louisiana-form-it-541.pdf, last modified October 2014Fiduciary Income Tax Return
IT-541-BC (1/26) Page 1 of 3 Mark all applicable boxes: LDR Account Number: Initial Return Fiduciary Income Tax Return Federal Identification Number: Amended Return Name of Estate or Trust Mark box if: Mail to: Louisiana Department of Revenue P. O. Box 3440 Baton Rouge, LA 70821-3440 Final Return Name of Estate or Trust (continued) 2025 Resident Trust Calendar Year Filer Nonresident Trust Fiscal Year Filer (Enter dates below.) Address Change Address Unit Type City State Unit Number ZIP Foreign Nation, if not United States (Do not abbreviate.) Short Period Return (Enter dates below.) Income (mmddyy) NAICS code: Date entity was created: Begun Ended (mmddyyyy) Number of Schedules K-1 attached: Type of entity code(s): Computation of Income 1 Federal taxable income before modifications - See Instructions. When using Louisiana Schedule A (Computation of Louisiana taxable income before income distribution deduction), leave Lines 1, 2, and 3 blank and begin with Line 4. 1 Additions – See instructions. 2A Net income tax paid to any state or political or municipal subdivision 2A 2B Interest income from other states and their political or municipal subdivisions 2B 2C Donation to School Tuition Organization Credit or Donation to Qualified Foster Care Charitable Organization Credit 2C 2D Add Back of Pass-Through Entity Loss 2D 2E Federal Exemption 2E 2F Federal Income Distribution Deduction 2F 2G Federal Depreciation Previously Accelerated via State Bonus – Attach schedule. 2G 2H Total – Add Lines 2A through 2G. 2H Subtractions 3A Interest and dividends on U.S. government obligations 3A 3B Depletion in excess of federal depletion 3B 3C S Bank Exclusion 3C 3D Pass-Through Entity Exclusion 3D 3E Resident only: Exemption – Enter up to $2,500. See instructions. 3E 3F Bonus Depreciation – Attach Schedule. 3F FOR OFFICE USE ONLY Field Flag 18671 IT-541-BC (1/26) Page 2 of 3 LDR Account Number: 3G Other – See instructions. 3G 3H Total – Add Lines 3A through 3G. 3H 4 Louisiana taxable income before income distribution deduction – Enter either the amount of Line 1 plus Line 2H, less Line 3H, OR enter the amount from Form IT-541, Schedule A, Line 14. If using the amount from Form IT-541, Schedule A, please check box. 4 5 Louisiana income distribution deduction – From Schedule C, Line g 5 6 Louisiana taxable income – Subtract Line 5 from Line 4. 6 7 Total tax – Multiply Line 6 by 3% (.03). Round to the nearest dollar. Enter a “1” in the box if a foreign estate or trust electing to be taxed on total gross income from Louisiana sources at the rate of 5%. 7 8 Resident only: Credit for net income taxes paid to other states by resident estates and trusts – Completed Form R-10606 and a copy of the other state’s return must be submitted. 8 9 Other nonrefundable priority 1 income tax credits – From Schedule NRC-P1, Line 7 9 10 Total income tax after priority 1 credits – Subtract Lines 8 and 9 from Line 7. 10 11 Refundable priority 2 credits – From Schedule RC-P2, Line 9 11 12 Tax liability after priority 2 credits – See instructions. 12 13 Overpayment after priority 2 credits – See instructions. 13 14 Nonrefundable priority 3 credits – From Schedule NRC-P3, Line 10 14 15 Tax after priority 3 credits – Subtract Line 14 from Line 12. If less than zero, enter “0”. 15 16 Overpayment after priority 2 credits – Enter the amount from Line 13. 16 17 Refundable priority 4 credits – From Schedule RC-P4, Line 6 17 18 Amount of credit carried forward from 2024 18 19 Nonresident only: Amount paid on your behalf by a composite partnership filing Enter name of partnership: ____________________________________________________ 20 Amount of Louisiana Tax Withheld For 2025 – Attach Forms W-2 and 1099. 21 19 20 Amount of Estimated Payments for 2025 and Amount of Extension Payment – From Schedule 21 D, Line 6 22 Total Refundable Tax Credits and Payments – Add Lines 16 through 21. 22 18672 IT-541-BC (1/26) Page 3 of 3 LDR Account Number: 23 Overpayment – If Line 22 is greater than Line 15, subtract Line 15 from Line 22. Otherwise, go to Line 26. 23 24 Amount of Line 23 to be credited to 2026 Income tax 24 25 Amount to be refunded – Subtract Line 24 from Line 23. 25 26 Amount owed – If Line 15 is greater than Line 22, subtract Line 22 from Line 15. 26 27 Interest – From the Interest Calculation Worksheet, Line 5 27 28 Delinquent filing penalty – From the Delinquent Filing Penalty Calculation Worksheet, Line 3 28 Delinquent payment penalty – From the Delinquent Payment Penalty Calculation Worksheet, Line 7 29 PAY THIS AMOUNT. 30 29 30 Total amount due – Add Lines 26 through 29. Your device does not support barcode generation. For best results, open this document in Adobe Reader or other PDF reader application on a desktop or laptop; mobile devices may not support all features. Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Print Name of Fiduciary Title of Fiduciary Signature of Fiduciary or Officer Representing Fiduciary Telephone Date (mm/dd/yyyy) Email Address Address City Print Preparer’s Name Preparer’s Signature State ZIP Date (mm/dd/yyyy) Check PAID PREPARER USE ONLY Firm’s Name ➤ Firm’s FEIN ➤ Firm’s Address ➤ Telephone ➤ PTIN, FEIN, or LDR Account Number of Paid Preparer For office use only ■ if self-employed 18673 IT-541-BC (1/26) Schedules NRC-P1 and RC-P4 LDR Account Number: Schedule NRC-P1 – Nonrefundable Priority 1 Credits Description Code Credit Amount 1. 2. 3. 4. 5. 6. 7. Other Nonrefundable Priority 1 Credits – Add credit amounts in Lines 1 through 6. Enter here and on Form IT-541, Line 9. Description Premium Tax Qualified Playgrounds Debt Issuance Donations to Public Schools Code 100 150 155 170 Description Code Donations to Eligible Maternal Wellness Center 190 Other 199 Schedule RC-P4 – Refundable Priority 4 Credits Description Code Credit Amount 1. F 2. F 3. F 4. F 5. F 6. Refundable Priority 4 Credits – Add credit amounts in Lines 1 through 5. Enter the result here and on Form IT-541, Line 17. Description Code Inventory Tax 50F Ad Valorem Natural Gas 51F 18674 IT-541-BC (1/26) Schedule NRC-P3 LDR Account Number: Schedule NRC-P3 – Part I – Nonrefundable Priority 3 Credits Description Code Credit Amount 1. 2. 3. 4. 5. 6. Description Code Tax Equalization 305 Manufacturing Establishments 310 Other 399 Refunds by Utilities 412 Description Neighborhood Assistance Research and Development Ports of Louisiana Import Export Cargo 459 Donation to School Tuition Organization LA Import LA Work Opportunity Youth Jobs 460 461 462 424 QMC Music Job Creation Credit 454 Code 457 458 Description Apprenticeship (2022) Code 463 Donation to Qualified Foster Care Charitable Organization 464 Inventory Tax Credit Carried Forward and ITEP 500 Ad Valorem Natural Gas Credit Carried Forward 502 Description Atchafalaya Trace Cane River Heritage Area Ports of Louisiana Investor Enterprise Zone Recycling Credit Other Schedule NRC-P3 – Part II – Transferable, Nonrefundable Priority 3 Credits Description Code Credit Amount 7. 7A. 8. 8A. 9. 9A. 10. Nonrefundable Priority 3 Credits – Add credit amounts in Lines 1 through 9. Enter here and on Form IT-541, Line 14. IMPORTANT! These codes must be claimed on Lines 7 through 9. Description Code Motion Picture Investment 251 Research and Development 252 Historic Structures 253 Description Code Capital Company 257 LCDFI 258 Motion Picture Infrastructure 261 Description Angel Investor Other Code 262 299 18675 Code 504 506 508 510 550 599 IT-541-BC (1/26) Schedule RC-P2 LDR Account Number: Schedule RC-P2 – Part I – Refundable Priority 2 Credits Description Code Credit Amount 1. F 2. F 3. F 4. F 5. F Schedule RC-P2 – Part II – Transferable, Refundable Priority 2 Credits Description Code Credit Amount 6 2 F Musical and Theatrical Production 6 2 F Musical and Theatrical Production 6 2 F 6. Musical and Theatrical Production 6A. 7. 7A. 8. 8A. 9. Refundable Priority 2 Credits – Add credit amounts in Lines 1 through 8. Enter the result here and on Form IT-541, Line 11. Description Ad Valorem Offshore Vessels Code Description Code 52F Technology Commercialization 59F Telephone Company Property 54F Retention and Modernization 70F Milk Producers 58F Digital Interactive Media and Software 73F Description Code Funeral and Burial Expense for a Pregnancy-Related 77F Death Restaurant Recycling of Oyster Shells 79F Other Refundable Credit 80F 18676 IT-541-BC (1/26) Schedule A LDR Account Number: _____________________________ Schedule A – Computation of Louisiana Taxable Income before Income Distribution Deduction 1 Federal taxable income before the exemption and income distribution deduction 1 .00 2 Net income taxes paid to any state or political or municipal subdivision 2 .00 3 Donation to School Tuition Organization Credit or Donation to Qualified Foster Care Charitable Organization Credit 3 .00 4 Add Back of Pass-Through Entity Loss – See instructions. 4 .00 5 Federal Depreciation Previously Accelerated via State Bonus – See instructions. 5 .00 6A Subtractions – See instructions. Any income that is exempt from taxation under the laws of Louisiana or that Louisiana is 6A prohibited from taxing by the Constitution or laws of the United States .00 6B Depletion allowed under Louisiana law in excess of federal depletion 6B .00 6C S-Bank Exclusion 6C .00 6D Pass-Through Entity Exclusion 6D .00 6E Bonus Depreciation – Attach schedule. 6E .00 6F Other 6F .00 6G Total subtractions – Add Lines 6A through 6F. 6G 7 Modified federal taxable income – Add Lines 1 through 5, subtract Line 6G, and enter 7 the result. Modified Federal Taxable Income Allocated or Apportioned to Louisiana 8 Allocable income from all sources – Attach schedule supporting each amount. .00 .00 8 8A Net rents and royalties from immovable or corporeal movable property 8A .00 8B Royalties from the use of patents, trademarks, etc. 8B .00 8C Income from estates, trusts, and partnerships 8C .00 8D Income from construction, repair, etc. 8D .00 8E Other allocable income – See instructions. 8E .00 8F Total allocable income from all sources – Add Lines 8A through 8E. 8F .00 9 Net income subject to apportionment – Subtract Line 8F from Line 7. 9 .00 10 Net income apportioned to Louisiana – Multiply Line 9 by the percentage from Schedule B, Line 7. 10 .00 11 Allocable income from Louisiana sources – Attach schedule supporting each amount. 11 11A Net rents and royalties from immovable or corporeal movable property 11A .00 11B Royalties from the use of patents, trademarks, etc. 11B .00 11C Income from estates, trusts, and partnerships 11C .00 11D Income from construction, repair, etc. 11D .00 11E Other allocable income – See instructions. 11E .00 11F Total allocable income from Louisiana sources – Add Lines 11A through 11E. 11F .00 12 Modified federal taxable income allocated and apportioned to Louisiana – Add Lines 10 and 11F and enter the result. 12 .00 13 Federal itemized deductions attributable to Louisiana – See instructions. 13 .00 14 Louisiana taxable income before income distribution deduction – Subtract Line 13 from Line 12. Enter the result here and on Form IT-541, Line 4. 14 .00 18677 IT-541-BC (1/26) LDR Account Number: _____________________________ Schedules B and C Schedule B – Computation of Apportionment Percent Description of Items Used as Factors 1. Total Amount Per Federal Return 2. Total Louisiana Amount 3. Factor Ratios (%) 1. Net sales of merchandise and/or charges for services A. Sales where goods, merchandise, or property is received in Louisiana by the purchaser .00 B. Charges for services performed in Louisiana .00 C. Other gross apportionable income attributable to Louisiana .00 D. Total – In Column 1, enter total net sales and charges for services. In Column 2, add Lines 1A, 1B, and 1C and enter the result on Line 1D. Divide Column 2 by Column 1 and enter the ratio in Column 3. .00 .00 % 2. Wages, salaries, and other personal service compensation paid during the year – Divide Column 2 by Column 1 and enter the ratio in Column 3. .00 .00 % 3. Income tax property ratio – Enter amounts in Column 1 and 2. Divide Column 2 by Column 1 and enter the ratio in Column 3. .00 .00 % .00 .00 % 4. Loans made during the year – Enter amounts in Columns 1 and 2. Divide Column 2 by Column 1 and enter the ratio in Column 3. 5. Taxpayers primarily in the business of manufacturing and merchandising – Enter ratio from Column 3, Line 1D. % 6. Add percentages under Column 3, Lines 1D, 2, 3, 4, and 5 and enter result. % 7. Average of percents – Divide Line 6 by the number of factors used. % Schedule C – Distributive Shares of Beneficiaries List social security number, name, and address of each beneficiary as shown on their individual income tax return Form IT-540 or IT-540B. Social Security Number Name, Address, City, State, ZIP Distributive Share of Louisiana Income to Beneficiary Percentage of Beneficial Interest a. % .00 b. % .00 c. % .00 d. % .00 e. % .00 f. % .00 100% .00 g. Total Distributions – Enter the results on Form IT-541, Line 5. 18678 IT-541-BC (1/26) LDR Account Number: _____________________________ Schedule D Schedule D – Summary of Estimated Tax Payments Check Number Date Amount 1 First quarter estimated payment .00 2 Second quarter estimated payment .00 3 Third quarter estimated payment .00 4 Fourth quarter estimated payment .00 5 Extension Payment .00 6 Total – Add Lines 1 through 5.Enter the result here and on Form IT-541, Line 21. .00 18679
IT-541-BC: Fiduciary Income Tax Return
More about the Louisiana Form IT-541 Corporate Income Tax Tax Return TY 2025
We last updated the Fiduciary Income Tax Return in March 2026, so this is the latest version of Form IT-541, fully updated for tax year 2025. You can download or print current or past-year PDFs of Form IT-541 directly from TaxFormFinder. You can print other Louisiana tax forms here.
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TaxFormFinder has an additional 34 Louisiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form CIFT-620 | Corporation Income Tax and Franchise Tax Return |
| Form R-1086 (Obsolete) | Solar Energy Income Tax Credit |
| Form IT-541 | Fiduciary Income Tax Return |
| Form R-1086 Solar (Obsolete) | R-1086 Solar |
| CIFT-620ES | Estimated Tax Voucher for Corporations |
View all 35 Louisiana Income Tax Forms
Form Sources:
Louisiana usually releases forms for the current tax year between January and April. We last updated Louisiana Form IT-541 from the Department of Revenue in March 2026.
Form IT-541 is a Louisiana Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Louisiana Form IT-541
We have a total of fourteen past-year versions of Form IT-541 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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