IRC section 6012 requires that an
annual income tax return be filed for estates and trusts. Data is
used to determine that the estates, trusts, and beneficiaries file
the proper returns and paid the correct tax. The various schedules
(Schedule D, I, J, and K-I) are used in the collection of
information under the various authorizing statutes seen below
(Legal Statutes). The worksheets are used to figure various taxes
and deductions. Form 1041-V allows the Internal Revenue Service to
process the payment more accurately and efficiently. The IRS
strongly encourages the use of Form 1041-V, but there is no penalty
if it is not used.
US Code:
26
USC 641 Name of Law: Imposition of tax
US Code: 26
USC 671 Name of Law: Trust income, deductions, and credits
attributable to grantors and others as substantial owners
US Code: 26
USC 652 Name of Law: Inclusion of amounts in gross income of
beneficiaries of trusts distributing current income only
US Code: 26
USC 6012 Name of Law: Persons required to make returns of
income
US Code: 26
USC 55(a) Name of Law: Alternatiive Minimum Tax Imposed
US Code: 26
USC 59(g) Name of Law: Other definitions and special rules; Tax
Benefit Rule
US Code: 26
USC 662 Name of Law: Inclusion of amounts in gross income of
beneficiaries of estates and trusts accumulating income or d
US Code: 26
USC 643(g) Name of Law: Definitions applicable to subparts A,
B, C, and D; Certain payments of estimated tax treated as pai
US Code: 26
USC 666 Name of Law: Accumulation distribution allocated to
preceding years
US Code: 26
USC 677 Name of Law: Income for benefit of grantor
US Code: 26
USC 679 Name of Law: Foreign trusts having one or more United
States beneficiaries
US Code: 26
USC 6654(1) Name of Law: Failure by individual to pay estimated
income tax;Addition to the Tax
The agency has updated the
number of responses based on the most data obtained published in
Publication 6292. The program change/adjustments in times to
complete the forms was the result of a slight error in calculation
in the previous submission and Schedule D-1 (Continuation Sheet)
being made obsolete in 2014 (agency discretion). There have been no
substantial changes to the forms that would affect burden.
$5,710,689
No
No
No
No
No
Uncollected
Walter Deliman 202
317-5890
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Form 1041 U.S. Income Tax Return for Estates and Trusts
Expiration Explanation.doc
U.S. Income Tax Return for Estates and Trusts