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Act section 424 of The Tax Relief and Health Care Act of 2006 changed the way a charitable remainder trust, described under section 664, is taxed on its unrelated business taxable income. A charitable remainder trust no longer files Form 1041 if it has any unrelated business taxable income. Now, a charitable remainder trust pays tax only on its unrelated business taxable income. The tax imposed is equal to the trust's unrelated business taxable income and the tax is treated as an excise tax under Chapter 42 of the Internal Revenue Code. See the instructions for Line 11, on Page 5 for more information.
If you have questions and/or need help completing this form, please call 1-877-829-5500. This toll-free telephone service is available Monday through Friday.
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
You can access the IRS website 24 hours a day, 7 days a week, at www.irs.gov to:
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Download forms, instructions, and publications.
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Order IRS products online.
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Research your tax questions online.
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Search publications online by topic or keyword.
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View Internal Revenue Bulletins (IRBs) published in the last few years.
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Sign up to receive local and national tax news by email.
You can order Publication 1796, IRS Tax Products CD, and obtain:
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Current-year forms, instructions, and publications.
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Prior-year forms, instructions, and publications.
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Bonus: Historical Tax Products DVD — Ships with the final release.
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Tax Map: an electronic research tool and finding aid.
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Tax Law frequently asked questions (FAQs).
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Tax Topics from the IRS telephone response system.
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Fill-in, print, and save features for most tax forms.
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Internal Revenue Bulletins.
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Toll-free and email technical support.
The CD is released twice during the year. The first release will ship the beginning of January 2008 and the final release will ship the beginning of March 2008.
Buy the CD at www.irs.gov/cdorders from National Technical Information Service for $35 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll-free to buy the CD for $35 (plus a $5 handling fee). Price is subject to change.
Now more than ever before, businesses can enjoy the benefits of filing and paying their federal taxes electronically. Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make taxes easier.
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You can e-file your Form 990 or Form 990-PF; Form 940 and 941 employment tax returns; Forms 1099; and other information returns. Visit www.irs.gov/efile/index.html for details.
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You can pay taxes online or by phone using the free Electronic Federal Tax Payment System (EFTPS). Visit www.eftps.gov or call 1-800-555-4477 for details. Electronic Funds Withdrawal (EFW) from a checking or savings account also is available to those who file electronically.
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