Form 1041-T

Form 1041-T

A form that a trust or estate files with the IRS to elect estimated tax payments that the trust or estate makes to be considered as having been made by a beneficiary. For example, if a trust makes an estimated tax payment of $10,000, it may use Form 1041-T to ask the IRS to consider that $10,000 as having been paid by one of the trust's beneficiaries.
References in periodicals archive ?
The current procedure with a domestic trust is to file Form 1041-T, Allocation of Estimated Tax Payments to Beneficiaries, with an allocation of the payments to each beneficiary.
7, 1995; see Form 1041-T, Allocation of Estimated Tax Payments to Beneficiaries (Under Code section 643(g)).