IRS Form 1041-T 2018 Allocation of Estimated Tax Payments to Beneficiaries

IRS Form 1041-T or the "Allocation Of Estimated Tax Payments To Beneficiaries" is a form issued by the U.S. Department of the Treasury - Internal Revenue Service.

Download a PDF version of the latest IRS Form 1041-T down below or find it on the U.S. Department of the Treasury - Internal Revenue Service Forms website.

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1041-T
Allocation of Estimated Tax Payments to Beneficiaries
OMB No. 1545-1020
Form
(Under Code section 643(g))
2018
Go to www.irs.gov/Form1041T for the latest information.
Department of the Treasury
For calendar year 2018 or fiscal year beginning
, 2018, and ending
, 20
Internal Revenue Service
Name of trust (or decedent’s estate)
Employer identification number
Fill In Fiduciary’s
Name and title of fiduciary
Telephone number (optional)
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
If you are filing this form for the final year of
Not With Form
1041.
the estate or trust, check this box
1
Total amount of estimated taxes to be allocated to beneficiaries. Enter here and on Form 1041, line 25b
$
2
Allocation to beneficiaries:
(d)
(c)
(e)
(a)
(b)
Amount of estimated
Beneficiary’s identifying
Proration
tax payment allocated
No.
Beneficiary’s name and address
number
percentage
to beneficiary
1
%
2
%
3
%
4
%
5
%
6
%
7
%
8
%
9
%
10
%
3
3
Total from additional sheet(s)
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4
Total amounts allocated. (Must equal line 1, above.) .
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4
Sign Here Only
Under penalties of perjury, I declare that I have examined this allocation, including accompanying schedules and statements, and to the best of my
if You Are Filing
knowledge and belief, it is true, correct, and complete.
This Form
Separately and
Not With Form
1041.
Date
Signature of fiduciary or officer representing fiduciary
1041-T
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 64305W
1041-T
Allocation of Estimated Tax Payments to Beneficiaries
OMB No. 1545-1020
Form
(Under Code section 643(g))
2018
Go to www.irs.gov/Form1041T for the latest information.
Department of the Treasury
For calendar year 2018 or fiscal year beginning
, 2018, and ending
, 20
Internal Revenue Service
Name of trust (or decedent’s estate)
Employer identification number
Fill In Fiduciary’s
Name and title of fiduciary
Telephone number (optional)
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
If you are filing this form for the final year of
Not With Form
1041.
the estate or trust, check this box
1
Total amount of estimated taxes to be allocated to beneficiaries. Enter here and on Form 1041, line 25b
$
2
Allocation to beneficiaries:
(d)
(c)
(e)
(a)
(b)
Amount of estimated
Beneficiary’s identifying
Proration
tax payment allocated
No.
Beneficiary’s name and address
number
percentage
to beneficiary
1
%
2
%
3
%
4
%
5
%
6
%
7
%
8
%
9
%
10
%
3
3
Total from additional sheet(s)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
4
Total amounts allocated. (Must equal line 1, above.) .
.
.
.
.
.
.
.
.
.
4
Sign Here Only
Under penalties of perjury, I declare that I have examined this allocation, including accompanying schedules and statements, and to the best of my
if You Are Filing
knowledge and belief, it is true, correct, and complete.
This Form
Separately and
Not With Form
1041.
Date
Signature of fiduciary or officer representing fiduciary
1041-T
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 64305W
2
Form 1041-T (2018)
Page
General Instructions
Line 1
Enter the amount of estimated tax payments made by the trust or
Section references are to the Internal Revenue Code.
decedent’s estate that the fiduciary elects to treat as a payment made
Future Developments
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
For the latest information about developments related to Form 1041-T
estate. Be sure to include it on Form 1041, Schedule B, line 10.
and its instructions, such as legislation enacted after they were
You can’t allocate to a beneficiary tax withheld from income,
published, go to www.irs.gov/Form1041T.
!
such as withholding from lottery or other gambling winnings,
Purpose of Form
or from salary or pension payments reported on Form 1041.
You must report this withholding on line 25e of Form 1041.
CAUTION
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
Line 2
income tax withheld) treated as made by a beneficiary or beneficiaries.
Column (b)—Beneficiary’s name and address. Group the
The fiduciary files Form 1041-T to make the election. Once made, the
beneficiaries to whom you are allocating estimated tax payments into
election is irrevocable.
two categories. First, list all the individual beneficiaries. Then, list all the
How To File
other beneficiaries.
Attach Form 1041-T to Form 1041, U.S. Income Tax Return for Estates
Column (c)—Beneficiary’s identifying number. For each beneficiary,
and Trusts, only if you are making the election with Form 1041.
enter the appropriate taxpayer identification number (TIN). This is
Otherwise, file Form 1041-T separately.
generally the social security number (SSN) for individuals or employer
identification number (EIN) for all other entities. Failure to enter a valid
Filing Form 1041-T with Form 1041 doesn’t change the due
!
SSN or EIN may cause a delay in processing and could result in
date for filing Form 1041-T. See When To File below for the
penalties being imposed on the beneficiary. For those beneficiaries who
due date for filing Form 1041-T.
file a joint return, you can assist the IRS in crediting the proper account
CAUTION
by also providing the SSN, if known, of the beneficiary’s spouse.
However, this is an optional entry.
When To File
Column (d)—Amount of estimated tax payment allocated to
For the election to be valid, a trust or decedent’s estate must file Form
beneficiary. For each beneficiary, also report this amount in box 13 of
1041-T by the 65th day after the close of the tax year as shown at the
Schedule K-1 (Form 1041), using code A.
top of the form. If the due date falls on a Saturday, Sunday, or legal
holiday, file on the next business day. For a 2018 calendar year
Column (e)—Proration percentage. For each listed beneficiary, divide
decedent’s estate or trust, that date is March 6, 2019.
the amount shown in column (d) by the amount shown on line 1 and
enter the result as a percentage.
Period Covered
Line 3
File the 2018 form for calendar year 2018 and fiscal years beginning in
2018 and ending in 2019. If the form is for a fiscal year or a short tax
If you are allocating a payment of estimated taxes to more than 10
year, fill in the tax year space at the top of the form.
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
Where To File
sheet(s).
If you are located in
Please mail to the
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
Connecticut, Delaware,
complying with these laws and to allow us to figure the correct amount
District of Columbia, Georgia,
of allocated tax payments.
Illinois, Indiana, Kentucky, Maine,
Maryland, Massachusetts,
You aren’t required to provide the information requested on a form
Department of the Treasury
Michigan, New Hampshire,
that is subject to the Paperwork Reduction Act unless the form displays
Internal Revenue Service
New Jersey, New York,
a valid OMB control number. Books or records relating to a form or its
Kansas City, MO 64999
North Carolina, Ohio, Pennsylvania,
instructions must be retained as long as their contents may become
Rhode Island, South Carolina,
material in the administration of any Internal Revenue law. Generally, tax
Tennessee, Vermont, Virginia,
returns and return information are confidential, as required by section
West Virginia, Wisconsin
6103.
The time needed to complete and file this form will vary depending on
Alabama, Alaska, Arizona, Arkansas,
individual circumstances. The estimated average time is:
California, Colorado, Florida, Hawaii,
Recordkeeping
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. 19 min.
Idaho, Iowa, Kansas, Louisiana,
Minnesota, Mississippi, Missouri,
Learning about the
Department of the Treasury
Montana, Nebraska, Nevada, New
law or the form
.
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4 min.
Internal Revenue Service
Mexico, North Dakota, Oklahoma,
Preparing the form .
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. 18 min.
Ogden, UT 84201
Oregon, South Dakota, Texas, Utah,
Washington, Wyoming
Copying, assembling, and
sending the form to the IRS
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. 16 min.
A foreign country or a U.S.
If you have comments concerning the accuracy of these time
possession
estimates or suggestions for making Form 1041-T simpler, we would be
happy to hear from you. You can send us comments from www.irs.gov/
Specific Instructions
FormComments. Or you can send your comments to Internal Revenue
Service, Tax Forms and Publications Division, 1111 Constitution Ave.
Address
NW, IR-6526, Washington, DC 20224. Don’t send the form to this
address. Instead, see Where To File on this page.
Include the suite, room, or other unit number after the street address. If
the post office doesn’t deliver mail to the street address and the
fiduciary has a P.O. box, show the box number instead of the street
address.

Download IRS Form 1041-T 2018 Allocation of Estimated Tax Payments to Beneficiaries

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