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. File Form 1041-QFT on or before April 17, 2006. The due date for a composite return is also April 17, 2006, 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. File all Forms 1041-QFT with: Internal Revenue Service Center Cincinnati, OH 45999. The trustee, or an authorized representative, must sign Form 1041-QFT. |