Form 1041-QFT U.S. Income Tax Return for Qualified Funeral Trusts

2006 Form 1041-QFT, U.S. Income Tax Return for Qualified Funeral Trusts

Purpose: This is the first circulated draft of the 2006 Form 1041-QFT for your review
and comments. See below for a discussion of the major changes.
TPCC Meeting: None, but one may be arranged if requested.
Prior Version: The 2005 Form 1041-QFT is available at:
http://www.irs.gov/pub/irs-pdf/f1041qft.pdf
Other Products: Circulations of draft tax forms, instructions, notices, and publications
are posted at: http://tfprod.publish.no.irs.gov/composition/cycle_drafts/outgoing/
Comments: Please email, fax, call, or mail any comments by May 26, 2006.

Esther M. Woodworth
Tax Forms and Publications
SE:W:CAR:MP:T:T:FP
Email: [email protected]
Phone: 202-927-9826
Fax: 202-622-5004

Major Changes to the 2006 Form 1041-QFT
•

On page 2, we added the contribution limit for contracts entered into during 2006
as reflected in Rev. Proc. 2005-70, Section 3.25, 2005-47 IRB 979.

•

On page 4, we reflect the 2006 Tax Rate Schedule per Rev. Proc. 2005-70,
Section 3.01, Table 5, 2005-47 IRB 979.

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I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 1041-QFT, PAGE 1 of 4
PRINTS: HEAD TO HEAD
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
INK: BLACK
PAPER: WHITE WRITING, SUB. 20.
FLAT SIZE: 432 mm (17") 3 279 mm (11"); FOLD TO: 216 mm (81⁄ 2 ") 3 279 mm (11")
PERFORATE: ON FOLD

Date

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form

1041-QFT

For calendar year 2006 or short year beginning

General Information

3a

Name and title of trustee

3b

Number, street, and room or suite no. (If a P.O. box, see the instructions.)

3c

City or town, state, and ZIP code

5

Check applicable boxes:

Income
Deductions

Amended return

Tax Computation

Final return

, 2006.

2

Employer identification number

4

Number of QFTs included on this return

Change in the fiduciary or fiduciary’s name

1a
b
2a
b
3
4

Interest income
Tax-exempt interest. Do not include on line 1a
Total ordinary dividends
Qualified dividends
Capital gain or (loss) (attach Schedule D (Form 1041))
Other income. List type and amount

5

Total income. Combine lines 1a, 2a, 3, and 4

Change in fiduciary’s address

1a

1b

2a
2b
3
4
©

5
6
7
8
9
10

6
7
8
9
10

Taxes
Trustee fees
Attorney, accountant, and return preparer fees
Other deductions not subject to the 2% floor
Allowable miscellaneous itemized deductions subject to the 2% floor

11

Total deductions. Add lines 6 through 10

©

11

12

Taxable income. Subtract line 11 from line 5

©

12

13
14

Tax. (If this is a composite return, check here ©
)
Credits (see instructions). Specify the credits claimed

©

13
14

15
16
17
18

Net tax. Subtract line 14 from line 13 (see instructions)
Payments (see instructions)
Tax due. If line 16 is smaller than line 15, enter amount owed
Overpayment. If line 16 is larger than line 15, enter amount overpaid

19

Amount of line 18 to be: a Credited to 2007 estimated tax

Sign
Here
Paid
Preparer’s
Use Only

2006

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Name of trust or other entity filing return

Tax and Payments

Revised proofs
requested

See instructions on pages 2 through 4.
, 2006, and ending

1

Part II

Signature

O.K. to print

U.S. Income Tax Return for Qualified Funeral Trusts
©

Initial return

Date

OMB No. 1545-1593

Department of the Treasury
Internal Revenue Service

Part I

Action

©

15
16
17
18

©

b Refunded

©

19

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than trustee) is based on all information of which preparer has any knowledge.

©

Signature of trustee or officer representing trustee

Preparer’s
signature

©

Firm’s name (or
yours if self-employed),
address, and ZIP code

©

Date

©

For Privacy Act and Paperwork Reduction Act Notice, see page 4.

May the IRS discuss this return
with the preparer shown below
(see page 3)?
Yes
No

Date

Preparer’s SSN or PTIN

Check if selfemployed ©
EIN
Phone no. (

Cat. No. 25368F

)
Form

1041-QFT

(2006)

1
I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 1041-QFT, PAGE 2 of 4
PRINTS: HEAD TO HEAD
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
INK: BLACK
PAPER: WHITE WRITING, SUB. 20.
FLAT SIZE: 432 mm (17") 3 279 mm (11"); FOLD TO: 216 mm (81⁄ 2 ") 3 279 mm (11")
PERFORATE: ON FOLD

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 1041-QFT (2006)

General Instructions
Section references are to the Internal
Revenue Code.

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, etc., and income
tax liability of the QFT. The trustee can use
the form to file for a single QFT or for multiple
QFTs having the same trustee, following the
rules discussed under Composite Return on
this page.
Pre-need funeral trusts that do not qualify
as QFTs should see the instructions for
Form 1041, U.S. Income Tax Return for
Estates and Trusts, for their filing
requirements.

Qualified Funeral Trust
A QFT is a domestic trust that meets all of
the following requirements:
● It 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 sole purpose of the trust is to hold,
invest, and reinvest 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 only beneficiaries are individuals for
whom such services or property are to be
provided at their death under the contracts
described above.
● The aggregate contributions to the trust on
behalf of any single beneficiary do not exceed
the Contribution Limit and are made by or for
the beneficiaries’ benefit.
● The trustee makes or previously had made
the election to treat the trust as a QFT.
● The trust would have been treated as
owned by the purchasers of the contracts
under the grantor trust provisions of the Code
if the QFT election had not been made.
Note: A trust that is not 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.
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 QFTs.

Contribution Limit
How to determine your contribution limit.
The contribution limit is determined by the
year the purchaser entered into the contract
for funeral or burial goods and services and
does not change over the life of the trust. Use
the table below to determine the contribution
limit for each QFT.

Page

2

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For contracts
entered into in . . .

The contribution limit
is . . .

1998 and before
1999
2000
2001
2002
2003
2004
2005
2006

$7,000
7,100
7,200
7,500
7,700
7,800
8,000
8,200
8,500

How to determine if a trust meets the
contribution limit. A trust meets the
contribution limit if:
● Existing contributions do not exceed the
contribution limit, and
● The trust, over its life, does not expect to
receive future contributions that exceed the
contribution limit.
Projections for future contributions are
based on:
● Existing contributions,

● Applicable state law trust contribution
requirements, and
● Any expected contributions in excess of
state law requirements.
When to determine if the trust meets the
contribution limit. Make the determination at
the inception of the trust and again if the
projected amount for future contributions
changes.
Losing QFT status. A trust loses its QFT
status at the time it exceeds or is projected
to exceed its contribution limit.
Multiple beneficiaries. If a QFT has multiple
beneficiaries, the contribution limit applies
separately to each beneficiary. Each
beneficiary’s share of the total contributions
to a trust is determined by the beneficiary’s
interest in the trust. A beneficiary’s interest in
a trust may be determined under any
reasonable method.
Related trustees and the contribution limit.
A beneficiary’s share of contributions made to
all trusts that have trustees that are related
persons will be aggregated for purposes of
testing the contribution limit. Trustees will be
considered related if:
● The relationship is described in section 267
or 707(b),
● The persons are treated as a single
employer under subsection (a) or (b) of
section 52, or
● The Secretary determines that treating the
persons as related is necessary to prevent
avoidance of this section.

Making the Election

You must attach a schedule to a composite
Form 1041-QFT that includes the following
information for each QFT (or separate interest
treated as a separate QFT):
● 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;
● 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 type and amount of each deduction
and credit allocable to the QFT;
● The tax and payments made for each QFT;
and
● The termination date for each QFT that was
terminated during the year.

When To File

File Form 1041-QFT on or before April 16,
2007. The due date for a composite return is
also April 16, 2007, even if the return includes
QFTs that terminated during the year. 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 a legal
holiday, file by the next business day.

Private Delivery Services
You can use certain private delivery services
designated by the IRS to meet the “timely
mailing as timely filing/paying” rules for tax
returns and payments. These private delivery
services include only the following.
● DHL Express (DHL): DHL Same Day
Service, DHL Next Day 10:30 am, DHL Next
Day 12:00 pm, DHL Next Day 3:00 pm, and
DHL 2nd Day Service.
● Federal Express (FedEx): FedEx Priority
Overnight, FedEx Standard Overnight, FedEx
2Day, FedEx International Priority, and FedEx
International First.
● United Parcel Service (UPS): UPS Next Day
Air, UPS Next Day Air Saver, UPS 2nd Day
Air, UPS 2nd Day Air A.M., UPS Worldwide
Express Plus, and UPS Worldwide Express.
The private delivery service can tell you
how to get written proof of the mailing date.

Extension of Time To File
Use Form 7004, Application for Automatic
6-Month Extension of Time To File Certain
Business Income Tax, Information, and Other
Returns.
An extension of time to file a return does
not extend the time to pay the tax.

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 extensions).
You may elect QFT status for a trust’s first
eligible year or for any subsequent year. Once
made, the election may not be revoked
without the consent of the IRS.

Where To File

Composite Return

Trustee

A trustee may file a single, composite
Form 1041-QFT for some or all QFTs of
which he or she is the trustee, including QFTs
that had a short tax year.

File all Forms 1041-QFT with the Internal
Revenue Service Center, Cincinnati, OH
45999.

Who Must Sign
The trustee, or an authorized representative,
must sign Form 1041-QFT.

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I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 1041-QFT, PAGE 3 of 4
PRINTS: HEAD TO HEAD
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
INK: BLACK
PAPER: WHITE WRITING, SUB. 20.
FLAT SIZE: 432 mm (17") 3 279 mm (11"); FOLD TO: 216 mm (81⁄ 2 ") 3 279 mm (11")
PERFORATE: ON FOLD

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 1041-QFT (2006)

Page

3

Paid Preparer

Rounding Off to Whole Dollars

Final Form 1041

Generally, anyone who is paid to prepare a
tax return must sign the return and fill in the
other blanks in the Paid Preparer’s Use Only
area of the return. The person required to
sign the return must complete the required
preparer information and:
● Sign it in the space provided for the
preparer’s signature and
● Give you a copy of the return in addition to
the copy to be filed with the IRS.

You may round off cents to whole dollars on
your 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. 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.

If you have an existing EIN(s) that you
previously used for filing Form 1041 and that
you will not use again (i.e., for QFTs included
in a composite return), you should file
Form 1041 and check the final return box.

Paid Preparer Authorization

Estimated Tax

If the trustee wants to allow the IRS to
discuss the QFT’s 2006 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’s Use Only” section of the QFT’s
return. It does not apply to the firm, if any,
shown in that section.
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:
● Give the IRS any information that is missing
from the QFT’s return,
● Call the IRS for information about the
processing of the 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 preparation.
The notices will not be sent to the preparer.
The trustee is not 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. If the trustee wants to expand
the paid preparer’s authorization, see Pub.
947, Practice Before the IRS and Power of
Attorney.
The authorization cannot be revoked.
However, the authorization will automatically
end no later than the due date (without regard
to extensions) for filing the QFT’s 2007 tax
return.

Accounting Methods
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.
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.

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Generally, a QFT must pay estimated income
tax for 2007 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.

Interest and Penalties
Interest

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, failure-to-file penalty,
the accuracy-related penalty, and the fraud
penalty. The interest charge is figured at a
rate determined under section 6621.

Late Filing of Return
The law provides a penalty of 5% of the tax
due for each month, or part of a month, up to
a maximum of 25% of the tax due, for each
month the return is not filed. If the return is
more than 60 days late, the minimum penalty
is the smaller of $100 or the tax due. The
penalty will not be imposed if you can show
that the failure to file on time was due to
reasonable cause. If the failure was due to
reasonable cause, attach an explanation to
the return.

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 payments.
If you include interest or either of
these penalties with your
payment, identify and enter these
CAUTION
amounts in the bottom margin of
Form 1041-QFT. Do not include the interest
or penalty amount in the balance of tax due
on line 17.

Underpaid Estimated Tax

Accounting Period

If the trustee underpaid estimated tax, use
Form 2210, Underpayment of Estimated Tax
by Individuals, Estates, and Trusts, to figure
any penalty. Enter the amount of any penalty
in the bottom margin of Form 1041-QFT. Do
not include it in the balance of tax due on
line 17.

All QFTs must use a calendar year as its
accounting period.

Other Penalties
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.

Specific Instructions
Part I—General Information
Line 1—Name of Trust

Copy the exact name from the Form SS-4
used to apply for the employer identification
number you are using to file Form 1041-QFT.

Line 2—Employer Identification
Number (EIN)
If the QFT is not filing as part of a composite
return, use the EIN of the QFT. If the QFT
does not 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.
Use Form SS-4, Application for Employer
Identification Number, to apply for an EIN. If
the QFT has not received its 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
does not deliver mail to the street address
and you have a P.O. box, show the box
number instead of the street address.
If you want a third party (such as an
accountant or an attorney) to receive mail for
the QFT, enter on the street address line
“C/O” followed by the third party’s name and
street address or P.O. box.
If you change your address (including a
new “in care of” name and address) after
filing Form 1041-QFT, use Form 8822,
Change of Address, to notify the IRS.

Line 4—Number of QFTs
If this is a composite return, enter the total
number of QFTs (including separate interests
treated as separate QFTs) included on the
return.

Part II—Tax Computation
Composite Return

CAUTION

If this is a composite return, enter
in Part II the totals for all the QFTs
included on the return.

Income
Line 2a—Total Ordinary Dividends
Report all ordinary dividends received during
the tax year.
Report capital gain distributions on
Schedule D (Form 1041), line 9.

Line 2b—Qualified Dividends
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

1
I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 1041-QFT, PAGE 4 of 4
PRINTS: HEAD TO HEAD
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
INK: BLACK
PAPER: WHITE WRITING, SUB. 20.
FLAT SIZE: 432 mm (17") 3 279 mm (11"); FOLD TO: 216 mm (81⁄ 2 ") 3 279 mm (11")
PERFORATE: ON FOLD

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 1041-QFT (2006)

dividend does not include: any dividend from
a corporation if the corporation is (or was)
exempt from income tax under section 501 or
521 for the corporation’s current (or
preceding) 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 are not
qualified dividends. See the instructions for
line 2b(2) in the 2006 Instructions for Form
1041 for more information.
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 schedule if the QFT(s) has
more than one item.

Deductions
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 are allocable to tax-exempt
interest are deductible.
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.
Limitations on Deductions
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, see Deductions in the
Instructions for Form 1041.
Line 9—Other Deductions Not Subject to
the 2% Floor
Attach your own schedule, listing by type and
amount, all allowable deductions that are not
deductible elsewhere on the form.
QFTs are not allowed a deduction
for a personal exemption.
CAUTION

Line 10—Allowable Miscellaneous Itemized
Deductions Subject to the 2% Floor
These deductions are deductible only to the
extent that the aggregate amount of such
deductions exceeds 2% of adjusted gross
income (AGI).

Page

Among the miscellaneous itemized
deductions that must be included on line 10
are expenses for the production or collection
of income, such as investment advisory fees.
AGI is figured by subtracting from total
income on line 5 the total of the
administrative costs on lines 7 through 9 to
the extent they are costs incurred in the
administration of the QFTs that would not
have been incurred if the property were not
held by the QFTs.
If this is a composite return, you must
figure the AGI separately for each QFT using
each QFT’s share of the amounts on the lines
referred to above.

4

Line 16—Payments

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Line 13—Tax

Tax rate schedule. Unless the instructions
below for Schedule D or Composite Return
apply, figure the tax using the Tax Rate
Schedule below. Enter the tax on line 13.

2006 Tax Rate Schedule

If
taxable
income
is:
Over—
$0
2,050
4,850
7,400
10,050

But
not
over—
$2,050
4,850
7,400
10,050

---

Its tax is:
15%
$307.50 + 25%
1,007.50 + 28%
1,721.50 + 33%
2,596.00 + 35%

Of the
amount
over—
$0
2,050
4,850
7,400
10,050

Schedule 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 enter the tax from line 35 of Schedule D.
Composite return. If this is a composite
return, check this box and enter on line 13
the total of the tax computed separately for
each QFT using either the 2005 Tax Rate
Schedule above or Schedule D (Form 1041).

Line 14—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 schedule listing the type and amount of
each credit claimed. See the Instructions for
Form 1041 for details on the credits that may
be claimed.

Line 15—Net Tax
If the QFT owes any additional taxes (e.g.,
alternative minimum tax, recapture taxes,
etc.), include these taxes on line 15. 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 (e.g., Schedule I of Form 1041). See the
Instructions for Form 1041 for more details on
additional taxes that may apply.

Printed on recycled paper

Include on line 16 any:
● Estimated tax payments made for 2006.
● Tax paid with a request for an extension of
time to file.
● Federal income tax withheld (e.g., backup
withholding).
● 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 17—Tax Due

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 “2006 Form
1041-QFT” on the payment. Enclose, but do
not attach, the payment with Form 1041-QFT.
Privacy Act and 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. Section 6109 requires return preparers
to provide their identifying numbers on the
return.
You are not 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.
The time needed to complete and file this
form will vary depending on individual
circumstances. The estimated average time
is:
Recordkeeping
9 hr., 34 min.
Learning about the law
or the form
2 hr., 18 min.
Preparing the form
5 hr., 20 min.
Copying, assembling,
and sending the form
to the IRS
48 min.
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
write to the Internal Revenue Service, Tax
Products Coordinating Committee,
SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave.
NW, IR-6406, Washington, DC 20224. Do not
send the tax form to this address. Instead,
see Where To File on page 3.