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Formulaire 1041-FTQ Instructions

Déclaration de revenus des États-Unis pour les fiducies funéraires admissibles

Rév. 2023

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  • Formulaire 1041-FTQ - Déclaration de revenus des États-Unis pour les fiducies funéraires admissibles
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Department of the Treasury  
Internal Revenue Service  
2023 Instructions for Form  
U.S. Income Tax Return for Qualified Funeral Trusts  
The only beneficiaries of the trust are individuals for whom  
General Instructions  
such services or property are to be provided at their death  
under the contracts described above.  
Section references are to the Internal Revenue Code.  
The only contributions to the trust are contributions by or  
Future Developments  
for such beneficiaries’ benefit.  
The trustee makes or previously had made the election to  
For the latest information about developments related to  
Form 1041-QFT and its instructions, such as legislation  
enacted after they were published, go to  
treat the trust as a QFT.  
The trust would’ve been treated as owned by the  
purchasers of the contracts under the grantor trust provisions  
of the Code if the QFT election hadn’t been made.  
What’s New  
Tax rate schedule for trusts and estates. The tax rates  
have changed for 2023. See Line 12—Tax, later.  
Note. A trust that isn’t treated as owned by the purchaser  
solely because of the death of an individual will be treated as  
meeting this requirement during the 60-day period beginning  
on the date of that individual’s death.  
Global intangible low-taxed income (GILTI). The Tax Cuts  
and Jobs Act of 2017 (TCJA) (P.L. 115-97) requires a U.S.  
shareholder of any controlled foreign corporation to include in  
gross income its (GILTI). For more information, see  
Line 4—Other Income, later.  
Miscellaneous itemized deductions subject to the 2%  
floor. Expenses that qualify as miscellaneous itemized  
deductions subject to the 2% floor are no longer deductible.  
Net investment income tax (NIIT). An estate or trust may  
be subject to NIIT. NIIT is a 3.8% tax on the lesser of an  
estate’s or trust’s undistributed net investment income or the  
excess of the estate’s or trust’s adjusted gross income over a  
specified threshold amount. NIIT may need to be included  
when figuring estimated tax. In addition, there are special  
rules when figuring NIIT for a composite return. See  
If a QFT has multiple beneficiaries, each beneficiary’s  
separate interest under a contract is treated as a separate  
QFT for the purpose of figuring the tax and filing this return.  
Each beneficiary’s share of the trust’s income is determined  
in accordance with the beneficiary’s interest in the trust. A  
beneficiary’s interest in a trust may be determined under any  
reasonable method.  
Whenever these instructions refer to a trust or QFT, it  
includes such separate interests that are treated as separate  
Making the Election  
The trustee makes the election to treat a trust as a QFT by  
filing Form 1041-QFT for the trust by the due date (including  
You may elect QFT status for a trust’s first eligible year or  
for any subsequent year. Once made, the election can’t be  
revoked without the consent of the IRS.  
Purpose of Form  
The trustee of a trust that has elected to be taxed as a  
qualified funeral trust (QFT) files Form 1041-QFT to report  
the income, deductions, gains, losses, and tax liability of the  
QFT. The trustee can use the form to report information for a  
single QFT or for multiple QFTs having the same trustee. If  
filing Form 1041-QFT for multiple QFTs, please see the rules  
discussed under Composite Return, later.  
Composite Return  
A trustee may file a single, composite Form 1041-QFT for  
some or all QFTs of which they are the trustee, including  
QFTs that had a short tax year.  
You must attach a statement to a composite Form  
1041-QFT that includes the following information for each  
QFT (or separate interest treated as a separate QFT).  
Pre-need funeral trusts that don’t qualify as QFTs should  
see the Instructions for Form 1041, U.S. Income Tax Return  
for Estates and Trusts, for their filing requirements.  
The name of the owner or the beneficiary. If you list the  
name of the owner and that trust has more than one  
beneficiary, you must separate the trust into shares held by  
the separate beneficiaries.  
Qualified Funeral Trust (QFT)  
A QFT is a domestic trust that meets all of the following  
The type and gross amount of each type of income earned  
by the QFT for the tax year. For capital gains, identify  
separately the amount of (a) net short-term capital gain, (b)  
net long-term capital gain, (c) 28% rate gain, and (d)  
unrecaptured section 1250 gain.  
The trust arose as a result of a contract with a person  
engaged in the trade or business of providing funeral or burial  
services or property to provide such services.  
The type and amount of each deduction and credit  
The sole purpose of the trust is to hold, invest, and reinvest  
allocable to the QFT.  
funds in the trust and to use those funds solely to pay for  
funeral or burial services or property to provide such services  
for the benefit of the beneficiaries of the trust.  
The tax and payments made for each QFT.  
The termination date for each QFT that was terminated  
during the year.  
Jan 26, 2024  
Cat. No. 94082U  
Note. When calculating NIIT for a composite return, treat  
each beneficiary’s interest in each QFT (within the meaning  
of section 685) as a separate trust.  
after September 27, 2010. For information, see Form W-12,  
IRS Paid Preparer Tax Identification Number (PTIN)  
Application and Renewal.  
When To File  
Paid Preparer Authorization  
File Form 1041-QFT by April 15, 2024. The due date for a  
composite return is also April 15, 2024, even if the return  
includes QFTs that terminated during the year. If you live in  
Maine or Massachusetts, you have until April 17, 2024,  
because the Patriot’s Day and Emancipation Day holidays. If  
you are filing for a short year, file Form 1041-QFT by the 15th  
day of the 4th month following the close of the short year. If  
the due date falls on a Saturday, Sunday, or legal holiday, file  
by the next business day.  
If the trustee wants to allow the IRS to discuss the QFT’s  
2023 tax return with the paid preparer who signed it, check  
the “Yes” box in the signature area of the return. This  
authorization applies only to the individual whose signature  
appears in the Paid Preparer Use Only section of the QFT’s  
return. It doesn’t apply to the firm, if any, shown in that  
If the “Yes” box is checked, the trustee is authorizing the  
IRS to call the paid preparer to answer any questions that  
may arise during the processing of the QFT’s return. The  
trustee is also authorizing the paid preparer to:  
Private Delivery Services (PDSs)  
You can use certain PDSs designated by the IRS to meet the  
“timely mailing as timely filing” rule for tax returns. Go to for the current list of designated services.  
Give the IRS any information that’s missing from the QFT’s  
Call the IRS for information about the processing of the  
The PDSs can tell you how to get written proof of the  
mailing date.  
QFT’s return or the status of its refund or payment(s); and  
Respond to certain IRS notices that the trustee has shared  
with the preparer about math errors, offsets, and return  
For the IRS mailing address to use if you’re using a PDS,  
The trustee isn’t authorizing the paid preparer to receive  
any refund check, bind the QFT to anything (including any  
additional tax liability), or otherwise represent the QFT before  
the IRS.  
PDSs can’t deliver items to P.O. boxes. You must use  
the U.S. Postal Service to mail any item to an IRS  
P.O. box address.  
The authorization will automatically end no later than the  
due date (without regard to extensions) for filing the QFT’s  
2024 tax return. If the trustee wants to expand the paid  
preparer’s authorization or revoke the authorization before it  
ends, see Pub. 947, Practice Before the IRS and Power of  
Extension of Time To File  
Use Form 7004, Application for Automatic Extension of Time  
To File Certain Business Income Tax, Information, and Other  
Returns, to get an extension of time to file. An extension of  
time to file a return doesn’t extend the time to pay the tax.  
Accounting Methods  
Where To File  
Figure taxable income using the method of accounting  
regularly used in keeping the QFT’s books and records.  
Generally, permissible methods include the cash method, the  
accrual method, or any other method authorized by the  
Internal Revenue Code. In all cases, the method used must  
clearly reflect income.  
File Form 1041-QFT at the following address.  
Department of Treasury  
Internal Revenue Service  
Kansas City, MO 64999  
Who Must Sign  
Generally, the QFT may change its accounting method (for  
income as a whole or for any material item) only by getting  
consent on Form 3115, Application for Change in Accounting  
Method. For more information, see Pub. 538, Accounting  
Periods and Methods  
The trustee, or an authorized representative, must sign Form  
Accounting Period  
Paid Preparer  
All QFTs must use a calendar year as their accounting  
Generally, anyone who is paid to prepare a tax return must  
sign the return and fill in the other blanks in the Paid Preparer  
Use Only section of the return. The person required to sign  
the return must:  
Rounding Off to Whole Dollars  
You may round off cents to whole dollars on the estate's or  
trust's return and schedules. If you do round to whole dollars,  
you must round all amounts. To round, drop amounts under  
50 cents and increase amounts from 50 to 99 cents to the  
next dollar. For example, $1.39 becomes $1 and $2.50  
becomes $3.  
Complete the required preparer information,  
Sign it in the space provided for the preparer’s signature,  
Give you a copy of the return in addition to the copy to be  
filed with the IRS.  
Anyone who is paid to prepare the trust’s return must enter  
their preparer tax identification (PTIN) in the Paid Preparer  
Use Only section. The PTIN entered must have been issued  
If you have to add two or more amounts to figure the  
amount to enter on a line, include cents when adding the  
amounts and round off only the total.  
Instructions for Form 1041-QFT (2023)  
If you are entering amounts that include cents, make sure  
to include the decimal point. There is no cents column on the  
Final Form 1041  
If you have an existing EIN(s) that you previously used for  
filing Form 1041 and that you won’t use again (that is, for  
QFTs included in a composite return), you should file Form  
1041 and check the Final return box.  
Estimated Tax  
Generally, a QFT must pay estimated income tax for 2024 if it  
expects to owe, after subtracting withholding and credits, at  
least $1,000 in tax. Estimated tax liability is figured for the  
individual QFT, and not for a composite return taken as a  
whole. For details and exceptions, see Form 1041-ES,  
Estimated Income Tax for Estates and Trusts.  
Specific Instructions  
Part I—General Information  
Line 1—Name of Trust  
Copy the exact name from the Form SS-4, Application for  
Employer Identification Number, used to apply for the EIN  
you are using to file Form 1041-QFT.  
Interest and Penalties  
Interest is charged on taxes not paid by the due date, even if  
an extension of time to file is granted. Interest is also charged  
on the failure-to-pay penalty, the failure-to-file penalty, the  
accuracy-related penalty, and the fraud penalty. The interest  
charge is figured at a rate determined under section 6621.  
Line 2—Employer Identification Number (EIN)  
If the QFT isn’t filing as part of a composite return, use the  
EIN of the QFT. If the QFT doesn’t have an EIN, it must apply  
for one. Every trustee that elects to file a composite return  
must apply for an EIN to be used only for filing Form  
1041-QFT. A trustee must use a separate EIN for every Form  
1041-QFT it files.  
Late Filing of Return  
Section 6651 provides for penalties for late filing unless there  
is a reasonable cause for the delay. The law also provides for  
penalties for willful attempts to evade payment of tax. The  
penalty won't be imposed if you can show that the failure to  
file on time is due to reasonable cause and not due to willful  
A QFT without an EIN can apply for one in the following  
Online—A QFT can receive an EIN by Internet and use it  
immediately to file a return. Go to the IRS website at and click on “Apply for an EIN Online.”  
By mail or fax—Send in a completed Form SS-4. Form  
SS-4 can be obtained online at  
If you receive a notice about penalty and interest after you  
file this return, send us an explanation, and we will determine  
if you meet reasonable-cause criteria. Don’t attach an  
explanation when you file Form 1041-QFT. For more  
information about penalties for late filing, see Late Filing of  
Return in the Instructions for Form 1041.  
If the QFT hasn’t received it’s EIN by the time the return is  
due, write “Applied for” in the space for the EIN.  
Line 3—Address  
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 you have a P.O. box, show the box number  
instead of the street address.  
Late Payment of Tax  
Generally, the penalty for not paying the tax when due is 1/2 of  
1% of the unpaid amount for each month or part of a month  
that it remains unpaid. The maximum penalty is 25% of the  
unpaid amount. The penalty applies to any unpaid tax on the  
return. Any penalty is in addition to interest charges on late  
If you want a third party (such as an accountant or an  
attorney) to receive mail for the QFT, enter “C/O” on the street  
address line, followed by the third party’s name and street  
address or P.O. box.  
Underpaid Estimate Tax  
If you change your address (including a new “in care of”  
name and address) after filing Form 1041-QFT, use Form  
8822-B, Change of Address or Responsible Party —  
Business, to notify the IRS.  
If the trustee underpaid estimated tax, use Form 2210,  
Underpayment of Estimated Tax by Individuals, Estates, and  
Trusts, to figure any penalty.  
If you include interest or any of these penalties with  
Line 4—Number of QFTs  
your payment, identify and enter these amounts in  
the bottom margin of Form 1041-QFT. Don’t include  
If this is a composite return, enter the total number of QFTs  
(including separate interests treated as separate QFTs)  
included on the return.  
the interest or penalty amount in the balance of tax due on  
line 19.  
Part II—Tax Computation  
Other Penalties  
Composite Return  
Other penalties can be imposed for negligence, substantial  
understatement of tax, and fraud. See Pub. 17, Your Federal  
Income Tax, for details on these penalties.  
If this is a composite return, enter in Part II the totals  
for all the QFTs included on the return.  
Instructions for Form 1041-QFT (2023)  
Line 9—Other Deductions  
Attach your own statement, listing by type and amount all  
allowable deductions.  
Line 2a—Total Ordinary Dividends  
QFTs aren’t allowed a deduction for a personal  
Report all ordinary dividends received during the tax year.  
Report capital gain distributions on Schedule D (Form  
1041), line 13.  
Line 12—Tax  
Line 2b—Qualified Dividends  
Tax rate schedule. Unless the instructions that follow for  
Schedule D or composite return apply, figure the tax using  
the Tax Rate Schedule below. Enter the tax on line 12.  
Enter on line 2b the amount reported on line 2a that is a  
qualified dividend. A qualified dividend is a dividend received  
during the tax year from (a) a domestic corporation, or (b) a  
qualified foreign corporation. A qualified dividend doesn’t  
include any dividend from a corporation if the corporation is  
(or was) exempt from income tax under section 501 or 521 for  
the tax year during which the distribution was made, any  
amount allowed as a deduction under section 591, or any  
dividend described under section 404(k).  
Exception. Some dividends may be reported to the trust as  
qualified dividends but aren’t qualified dividends. See the  
instructions for line 2b(2) in the 2023 Instructions for Form  
1041 for more information.  
2023 Tax Rate Schedule  
If taxable  
Of the  
is Over—  
Its tax is:  
$290 + 24%  
2,126 + 35%  
3,491 + 37%  
- - - -  
Schdeule D. If the QFT had both a net capital gain and any  
taxable income, or any qualified dividends and any taxable  
income, complete Part V of Schedule D (Form 1041), and  
then enter the tax from line 45 of Schedule D on line 12.  
Composite return. If this is a composite return, check this  
box and enter on line 12 the total of the tax figured separately  
for each QFT using either the 2023 Tax Rate Schedule above  
or Schedule D (Form 1041).  
Line 4—Other Income  
Enter all other types of income not included on line 1a, 2a, or  
3. List the type and amount on an attached statement if the  
QFT(s) has more than one item.  
If you are reporting GILTI, include it on the attached  
statement. You must also complete and attach Form 8992,  
Global Intangible Low-Taxed Income (GILTI).  
Line 13—Credits  
Specify the type of credit being claimed and attach any  
required credit forms. If you are claiming more than one type  
of credit, attach a statement listing the type and amount of  
each credit claimed. See the Instructions for Form 1041 for  
details on the credits that may be claimed.  
Allocation of Deductions for Tax-Exempt Income  
Generally, no deduction that would otherwise be allowable is  
allowed for any expense that is allocable to tax-exempt  
income, such as interest on state or local bonds.  
Exception. State income taxes and business expenses that  
Line 15—Net Investment Income Tax  
are allocable to tax-exempt interest are deductible.  
For tax years beginning on or after January 1, 2013, a QFT  
may be liable for the NIIT enacted under section 1411. To  
determine if this tax applies, see Form 8960, Net Investment  
Income Tax—Individuals, Estates, and Trusts, and its  
Expenses that are directly allocable to tax-exempt income  
are allocable only to tax-exempt income. A reasonable  
proportion of expenses indirectly allocable to both  
tax-exempt income and other income must be allocated to  
each class of income.  
Line 16—Total Tax  
Limitations on Deductions  
If the QFT owes any additional taxes (for example, alternative  
minimum tax, recapture taxes, etc.), include these taxes on  
line 16. To the left of the entry space, write the type and  
amount of the tax. Also attach to Form 1041-QFT any forms  
required to figure these taxes (for example, Schedule I (Form  
1041)). See the Instructions for Form 1041 for more details  
on additional taxes that may apply.  
Generally, the amount a QFT has “at-risk” limits the loss it can  
deduct in any tax year. Also, section 469 and its regulations  
generally limit losses from passive activities to the amount of  
income derived from all passive activities. Similarly, credits  
from passive activities are generally limited to the tax  
attributable to such activities.  
For details on these and other limitations on deductions,  
Line 17—Payments  
see Deductions in the Instructions for Form 1041.  
Include on line 17 any of the following.  
Instructions for Form 1041-QFT (2023)  
Estimated tax payments made for 2023.  
You aren’t 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.  
Tax paid with a request for an extension of time to file.  
Federal income tax withheld (for example, backup  
Credit for tax paid on undistributed capital gains. Also  
attach Copy B of Form 2439, Notice to Shareholder of  
Undistributed Long-Term Capital Gains.  
Line 18—Elective Payment Election  
The time needed to complete and file this form will vary  
depending on individual circumstances. The estimated  
average time is:  
Enter any elective payment election amount from Form 3800,  
Part III, line 6, column (i). See the instructions for Form 3800.  
Learning about the law or the form .  
Preparing the form . .  
10 hr., 16 min.  
2 hr., 40 min.  
6 hr., 40 min.  
1 hr., 4 min.  
Line 19—Tax Due  
Copying, assembling, and sending the form to IRS  
You must pay the tax in full when the return is filed. Make the  
check or money order payable to “United States Treasury.”  
Write the EIN from line 2 of the form and “2023 Form  
1041-QFT” on the payment. Enclose, but don’t attach, the  
payment with Form 1041-QFT.  
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 send us  
comments from Or you can send  
your comments to Internal Revenue Service, Tax Forms and  
Publications, 1111 Constitution Ave. NW, IR-6526,  
Washington, DC 20224. Don’t send the tax form to this  
address. Instead, see Where to File, earlier.  
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 this  
information. We need it to ensure that you are complying with  
these laws and to allow us to figure and collect the right  
amount of tax.  
Instructions for Form 1041-QFT (2023)