Form 1041-N

Form 1041-N

A form that one files with the IRS to choose special tax treatment options available to an Alaska Native Settlement Trust. Trusts that file Form 1041-N are taxed at a 10% rate.
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Income Tax Return for Estates and Trusts, are also subject to the automatic five-month extension; however, bankruptcy estates required to file Form 1041, as well as fliers of Form 1041-N, U.