Form 1041-A - U.s. Information Return Trust Accumulation Of Charitable Amounts Page 3
Download a blank fillable Form 1041-A - U.s. Information Return Trust Accumulation Of Charitable Amounts in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 1041-A - U.s. Information Return Trust Accumulation Of Charitable Amounts with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
43
Form 1041-A (Rev. 2-2012)
Page
What’s New
reasonable cause as to why the return
Such amounts permanently set aside
cannot be filed by the already extended
must be earned from amounts
Future developments. The IRS has
due date.
transferred to the trust before October 9,
created a page on IRS.gov for
1969.
Amended Return
information about Form 1041-A and its
Do not merely enter the category (that
instructions, at
If you are filing an amended Form
is, religious, charitable, scientific, literary,
Information about any future
1041-A, you must complete the entire
or educational), but also enter the
developments affecting Form 1041-A
return, not just the new or corrected
purpose of the deduction. For example,
(such as legislation enacted after we
information. Enter “Amended Return”
“payments of $4,000 to indigent persons
release these instructions) will be posted
across the top of the amended Form
for medical purposes,” or a “grant of
on that page.
1041-A.
$25,000 to equip the chemistry lab at a
Reminder
university.”
The trustee may file an amended
return at any time to change or add to
Part III. Distributions of Principal
Split-interest trusts as described in
the information reported on a previously
for Charitable Purposes
section 4947(a)(2) do not file Form
filed return for the same period.
1041-A. These types of trusts file Form
Lines 23a–23e. Provide a listing in
Where To File
5227, Split-Interest Trust Information
sufficient detail, similar to the examples
Return, which meets the section 6034
provided above, for each class of
File Form 1041-A at the following
filing requirements.
activity for amounts paid out of principal
address:
for charitable purposes.
General Instructions
Department of the Treasury
See the instructions for Form 1041,
Internal Revenue Service Center
Section references are to the Internal
U.S. Income Tax Return for Estates and
Ogden, UT 84201-0027
Revenue Code unless otherwise noted.
Trusts, for more information regarding
Penalties
the allowance of deductions for amounts
Purpose of Form
permanently set aside for a charitable
Section 6652(c)(2) provides for separate
purpose.
penalties of $10 a day, up to a maximum
Use Form 1041-A to report the
of $5,000, against both the trust and the
charitable information required by
Part IV. Balance Sheets
trustee for not filing Form 1041-A on
section 6034 and the related regulations.
Complete the balance sheets using the
time, unless there is reasonable cause.
Who Must File
accounting method the trust uses in
The law also provides penalties for filing
keeping its books and records. All filers
a false or fraudulent return.
The trustee must file Form 1041-A for a
must complete columns (a) and (b).
trust that claims a charitable or other
Rounding Off to Whole Dollars
Assets
deduction under section 642(c) unless
You may show the money items on the
an exception applies.
When space is provided to the left of
return and accompanying schedules as
Exceptions. The trustee does not file
column (a) for reporting receivables and
whole-dollar amounts. To do so, drop
Form 1041-A for:
the related allowance for doubtful
amounts less than 50 cents and
accounts or depreciable assets and
• A trust that is required to distribute
increase any amounts from 50 to 99
accumulated depreciation, enter the
currently to the beneficiaries all the
cents to the next dollar.
end-of-year figures.
income for the tax year determined
Attachments
under section 643(b) and related
Line 25. Cash—non-interest bearing.
regulations,
If you need more space, attach separate
Enter the amount of cash on deposit in
sheets showing the same information in
• A charitable trust described in section
checking accounts, deposits in transit,
the same order as on the printed forms.
4947(a)(1), or
change funds, petty cash funds, or any
Show the totals on the printed forms.
other non-interest bearing accounts. Do
• For tax years beginning after 2006, a
not include advances to employees or
Enter the trust’s employer
split-interest trust described in section
officers or refundable deposits paid to
identification number (EIN) on each
4947(a)(2).
suppliers or others.
sheet. Also, use sheets that are the
When To File
same size as the forms and indicate
Line 26. Savings and temporary cash
clearly the line of the printed form to
investments. Enter the total of cash in
File Form 1041-A by April 15 following
which the information relates.
savings or other interest-bearing
the close of the calendar year. If the due
accounts and temporary cash
Public Inspection
date falls on a Saturday, Sunday, or
investments, such as money market
legal holiday, file on the next business
See Regulations section 301.6104(b)–
funds, commercial paper, certificates of
day.
1(d) for the procedures to request public
deposit, and U.S. Treasury bills or other
Extension of Time To File
inspection of this form.
governmental obligations that mature in
less than 1 year.
Specific Instructions
The trustee may obtain an automatic
3-month extension of time to file Form
Line 27. Accounts receivable. Enter the
1041-A by filing Form 8868, Application
total accounts receivable (reduced by
Part II. Distributions of Income
for Extension of Time to File an Exempt
the corresponding allowance for doubtful
Set Aside For Charitable
Organization Return. To receive the
accounts) that arose from the sale of
Purposes
automatic 3-month extension, the
goods and/or the performance of
Lines 17a–17e. Provide a listing in
trustee must file Form 8868 on or before
services. Claims against vendors or
the original due date of Form 1041-A.
sufficient detail for each class of activity
refundable deposits with suppliers or
for which a disbursement was made,
others may be reported here if not
If more time is needed after the
and a charitable deduction under section
significant in amount. If significant in
automatic extension, file a second Form
642(c) was taken.
amount, report them (with any advances
8868 to request an additional (not
to employees or officers) on line 37,
automatic) 3-month extension. This will
Other assets.
be granted only if you can show
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 8891 - U.s. Information Return For Beneficiaries Of Certain Canadian Registered Retirement Plans
Financial
Form 8891 - U.s. Information Return For Beneficiaries Of Certain Canadian Registered Retirement Plans
Financial
Form 8891 - U.s. Information Return For Beneficiaries Of Certain Canadian Registered Retirement Plans
Financial
Related Categories
Parent category: Financial