The address for filing a return for a fund whose principal business, office, or agency is located in a foreign country or U.S. possession has changed. See Where to File on page 2.

Settlement funds created after May 17, 2006, for the purpose of resolving or satisfying liabilities under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) are exempt from tax.

For its 2006 tax year only, a settlement fund that paid the federal telephone excise tax on long distance or bundled services billed after February 28, 2003, and before August 1, 2006, may be able to request a credit. Use line 16f to write in the requested amount. See the instructions for line 16.

For qualified settlement funds established before February 4, 2006, a transferor may elect grantor trust treatment under section 671, if the applicable period of limitation of filing an amended return has not expired for both the qualified settlement fund's first tax year and all subsequent tax years and the transferor's corresponding tax year or years. See Regulations section 1.468B-1(c).