Form 1041-T Allocation Estimated Tax Payments to Beneficiaries

Form

1041-T

Allocation of Estimated Tax
Payments to Beneficiaries

OMB No. 1545-1020

2012

(Under Code section 643(g))

Department of the Treasury
Internal Revenue Service

For calendar year 2012 or fiscal year beginning

, 2012, and ending

, 20

Name of trust (or decedent’s estate)

Employer identification number

Fill In Fiduciary’s
Name and
Address Only If
You Are Filing
This Form
Separately and
Not With Form
1041.

Telephone number (optional)

1
2

Name and title of fiduciary
Number, street, and room or suite no. (If a P.O. box, see instructions.)
City, state, and ZIP code

If you are filing this form for the final year of
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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.

(d)
Amount of estimated
tax payment allocated
to beneficiary

(c)
Beneficiary’s identifying
number

(b)
Beneficiary’s name and address

(e)
Proration
percentage

1

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2

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3

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4

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5

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7

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9

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10

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3

Total from additional sheet(s)

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3

4

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

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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.

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

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Date

Signature of fiduciary or officer representing fiduciary

General Instructions

How To File

Section references are to the Internal Revenue Code.

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.

Purpose of Form
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.
For Paperwork Reduction Act Notice, see back of form.

!
▲
CAUTION

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

Cat. No. 64305W

Form 1041-T (2012)

Page 2

Form 1041-T (2012)

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. If the due date falls on a Saturday,
Sunday, or legal holiday, file on the next business day. For a
2012 calendar year decedent’s estate or trust, that date is
March 6, 2013.

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 2012 form for calendar year 2012 and fiscal years
beginning in 2012 and ending in 2013. 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

Please mail to the

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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

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

Alabama, Alaska, Arizona,
Arkansas, California, Colorado,
Florida, Hawaii, Idaho, Iowa,
Kansas, Louisiana, Minnesota,
Mississippi, Missouri, Montana, Department of the Treasury
Nebraska, Nevada, New Mexico, Internal Revenue Service Center
North Dakota, Oklahoma,
Ogden, UT 84201
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.

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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

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19 min.

Learning about the
law or the form
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Preparing the form

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18 min.

Copying, assembling, and
sending the form to the IRS

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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:M:S, 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.