1041-T Allocation of Estimated Tax Payments to Beneficiaries

Form

1041-T

Allocation of Estimated Tax
Payments to Beneficiaries

OMB No. 1545-1020

(Under Code section 643(g))

Department of the Treasury
Internal Revenue Service

For calendar year 2008 or fiscal year beginning

, 2008, and ending

, 20

2008

Name of trust (or decedent’s estate)

Employer identification number

Fill In Fiduciary’s Name and title of fiduciary
Name and
Address Only If
Number, street, and room or suite no. (If a P.O. box, see instructions.)
You Are Filing
This Form
Separately and
City, state, and ZIP code
Not With Form
1041.

Telephone number (optional)

1
2

(

)

If you are filing this form for the final year
©
of the estate or trust, check this box

Total amount of estimated taxes to be allocated to beneficiaries. Enter here and on Form 1041, line 24b
Allocation to beneficiaries:

(a)
No.

(b)
Beneficiary’s name and address

©

$

(d)
Amount of estimated
tax payment allocated
to beneficiary

(c)
Beneficiary’s identifying
number

(e)
Proration
percentage

1
%
2
%
3
%
4
%
5
%
6
%
7
%
8
%
9
%
10
%
3

Total from additional sheet(s)

3

4

Total amounts allocated. (Must equal line 1, above.)

4

Sign Here Only
If You Are Filing
This Form
Separately and
Not With Form
1041.

Under penalties of perjury, I declare that I have examined this allocation, including accompanying schedules and statements, and to the best
of my knowledge and belief, it is true, correct, and complete.

©

Signature of fiduciary or officer representing fiduciary

Date

General Instructions

How To File

Section references are to the Internal Revenue Code.

Purpose of Form

Attach Form 1041-T to Form 1041 only if you are making the
election with Form 1041, U.S. Income Tax Return for Estates
and Trusts. Otherwise, file Form 1041-T separately.

A trust or, for its final tax year, a decedent’s estate may elect
under section 643(g) to have any part of its estimated tax
payments (but not income tax withheld) treated as made by a
beneficiary or beneficiaries. The fiduciary files Form 1041-T
to make the election. Once made, the election is irrevocable.

Filing Form 1041-T with Form 1041 does not
change the due date for filing Form 1041-T.
CAUTION
See When To File for the due date for filing
Form 1041-T.

For Paperwork Reduction Act Notice, see back of form.

Cat. No. 64305W

Form

1041-T

(2008)

Form 1041-T (2008)

Page

When To File

Line 2

For the election to be valid, a trust or decedent’s estate must
file Form 1041-T by the 65th day after the close of the tax
year as shown at the top of the form. For a calendar year
trust or decedent’s estate, that date is March 6, 2009. If the
due date falls on a Saturday, Sunday, or legal holiday, file on
the next business day.

Column (b)—Beneficiary’s name and address. Group the
beneficiaries to whom you are allocating estimated tax
payments into two categories. First, list all the individual
beneficiaries (those who have social security numbers
(SSNs)). Then, list all the other beneficiaries.

Period Covered
File the 2008 form for calendar year 2008 and fiscal years
beginning in 2008 and ending in 2009. If the form is for a
fiscal year or a short tax year, fill in the tax year space at the
top of the form.

Where To File
If you are located in
Ä
Connecticut, Delaware,
District of Columbia, Georgia,
Illinois, Indiana, Kentucky,
Maine, Maryland,
Massachusetts, Michigan,
New Hampshire, New Jersey,
New York, North Carolina,
Ohio, Pennsylvania,
Rhode Island, South Carolina,
Tennessee, Vermont, Virginia,
West Virginia, Wisconsin

Please mail to the
Ä

Department of the Treasury
Internal Revenue Service Center
Cincinnati, OH 45999

Alabama, Alaska, Arizona,
Arkansas, California, Colorado,
Florida, Hawaii, Idaho, Iowa,
Kansas, Louisiana, Minnesota,
Department of the Treasury
Mississippi, Missouri, Montana, Internal Revenue Service Center
Nebraska, Nevada, New Mexico, Ogden, UT 84201
North Dakota, Oklahoma,
Oregon, South Dakota, Texas,
Utah, Washington, Wyoming
A foreign country or a U.S.
possession

Specific Instructions
Address
Include the suite, room, or other unit number after the street
address. If the post office does not deliver mail to the street
address and the fiduciary has a P.O. box, show the box
number instead of the street address.

Line 1
Enter the amount of estimated tax payments made by the
trust or decedent’s estate that the fiduciary elects to treat as
a payment made by the beneficiaries. This amount is treated
as if paid or credited to the beneficiaries on the last day of
the tax year of the trust or decedent’s estate. Be sure to
include it on Form 1041, Schedule B, line 10.
You cannot allocate to a beneficiary tax withheld
from income, such as withholding from lottery or
other gambling winnings, or from salary or
CAUTION
pension payments reported on Form 1041. You
must report this withholding on line 24e of Form 1041.

2

Column (c)—Beneficiary’s identifying number. For each
beneficiary, enter the SSN (for individuals) or employer
identification number (EIN) (for all other entities). Failure to
enter a valid SSN or EIN may cause a delay in processing
and could result in penalties being imposed on the
beneficiary. For those beneficiaries who file a joint return, you
can assist the IRS in crediting the proper account by also
providing the SSN, if known, of the beneficiary’s spouse.
However, this is an optional entry.
Column (d)—Amount of estimated tax payment allocated
to beneficiary. For each beneficiary, also report this amount
in box 13 of Schedule K-1 (Form 1041), using code A.
Column (e)—Proration percentage. For each listed
beneficiary, divide the amount shown in column (d) by the
amount shown on line 1 and enter the result as a
percentage.

Line 3
If you are allocating a payment of estimated taxes to more
than 10 beneficiaries, list the additional beneficiaries on an
attached sheet that follows the format of line 2. Enter on
line 3 the total from the attached sheet(s).
Paperwork Reduction Act Notice. We ask for the
information on this form to carry out the Internal Revenue
laws of the United States. You are required to give us the
information. We need it to ensure that you are complying
with these laws and to allow us to figure the correct amount
of allocated tax payments.
You are not required to provide the information requested
on a form that is subject to the Paperwork Reduction Act
unless the form displays a valid OMB control number. Books
or records relating to a form or its instructions must be
retained as long as their contents may become material in
the administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as required by
section 6103.
The time needed to complete and file this form will vary
depending on individual circumstances. The estimated
average time is:
Recordkeeping
Learning about the
law or the form

19 min.
4 min.

Preparing the form
18 min.
Copying, assembling, and
sending the form to the IRS
16 min.
If you have comments concerning the accuracy of these
time estimates or suggestions for making this form simpler,
we would be happy to hear from you. You can write to the
Internal Revenue Service, Tax Products Coordinating
Committee, SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave.
NW, IR-6526, Washington, DC 20224. Do not send the form
to this address. Instead, see Where To File on this page.