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                                                                                                                                                                 OMB No. 1545-1593
Form 1041-QFT                                         U.S. Income Tax Return for Qualified Funeral Trusts

Department of the Treasury                                         Go to www.irs.gov/Form1041QFT for the latest information.                                     2022
Internal Revenue Service 
For calendar year 2022 or short year beginning                                                            , 2022, and ending                                              , 2022. 
Part I                                General Information 
1    Name of trust or other entity filing return                                                                                             2  Employer identification number (EIN)

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                                                                                                        4  Number of QFTs included on this return 

5    Check applicable boxes: 
                                  Initial return Amended return          Final return          Change in the fiduciary or fiduciary’s name        Change in fiduciary’s address
Part II                               Tax Computation

                                  1a  Interest income  .  .      . . . . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  1a 
                                  b   Tax-exempt interest. Don’t include on line 1a  .         . .  . . . .  . .   1b 
                                  2 a Total ordinary dividends  .    . . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  2a 
                                  b   Qualified dividends  .     . . . . . . .             . . . .  . . . .  . .   2b 
                 Income           3   Capital gain or (loss) (attach Schedule D (Form 1041))        . . . .  . . .        . . .            . .  .   .  3 
                                  4   Other income. List type and amount                                                                               4 

                                  5   Total income. Combine lines 1a, 2a, 3, and 4  .          . .  . . . .  . . .        . . .            . .  .   .  5 

                                  6   Taxes  .   .    . . .      . . . . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  6 
                                  7   Trustee fees  .   . .      . . . . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  7 
                                  8   Attorney, accountant, and return preparer fees .         . .  . . . .  . . .        . . .            . .  .   .  8 
                                  9   Other deductions    .      . . . . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  9 
                 Deductions
                                  10  Total deductions. Add lines 6 through 9  .           . . . .  . . . .  . . .        . . .            . .  .   .  10 

                                  11  Taxable income. Subtract line 10 from line 5  .          . .  . . . .  . . .        . . .            . .  .   .  11 

                                  12  Tax. (If this is a composite return, check here          )  . . . . .  . . .        . . .            . .  .   .  12 
                                  13  Credits (see instructions). Specify the credits claimed                                                          13 

                                  14  Subtract line 13 from line 12  . . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  14 
                                  15  Net Investment Income Tax from Form 8960, line 21  .          . . . .  . . .        . . .            . .  .   .  15
                                  16  Total tax. Add lines 14 and 15  .  . . .             . . . .  . . . .  . . .        . . .            . .  .   .  16 
                                  17  Payments (see instructions)  .   . . . .             . . . .  . . . .  . . .        . . .            . .  .   .  17
                 Tax and Payments 18  Tax due. If line 17 is smaller than line 16, enter amount owed      .  . . .        . . .            . .  .   .  18 
                                  19  Overpayment. If line 17 is larger than line 16, enter amount overpaid  .   .        . . .            . .  .   .  19

                                  20  Amount of line 19 to be: a Credited to 2023 estimated tax                                 b Refunded             20
                                      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.
Sign 
                                                                                                                                                       May the IRS discuss this return 
Here                                                                                                                                                   with the preparer shown below? 
                                      Signature of trustee or officer representing trustee              Date                                           See instr.    Yes  No 
                                      Print/Type preparer’s name           Preparer’s signature                    Date
Paid                                                                                                                                            Check         if PTIN
                                                                                                                                                self-employed
Preparer 
                                      Firm’s name                                                                                          Firm’s EIN 
Use Only                              Firm’s address                                                                                       Phone no.
For Paperwork Reduction Act Notice, see instructions.                                                     Cat. No. 25368F                              Form 1041-QFT (2022)

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Form 1041-QFT (2022) Page 2

General Instructions • The only contributions to the trust are When To File
contributions by or for such beneficiaries’
Section references are to the Internal benefit. File Form 1041-QFT by April 18, 2023. The
Revenue Code. due date for a composite return is also April
• The trustee makes or previously had made 18, 2023, even if the return includes QFTs that
What’s New the election to treat the trust as a QFT. terminated during the year. If you are filing for
Tax rate schedule for trusts and estates. • The trust would have been treated as owned a short year, file Form 1041-QFT by the 15th
The tax rates have changed for 2022. See by the purchasers of the contracts under the day of the 4th month following the close of
Line 12—Tax, later. grantor trust provisions of the Code if the QFT the short year. If the due date falls on a
election hadn’t been made. Saturday, Sunday, or a legal holiday, file by
Future Developments Note: A trust that isn’t treated as owned by the next business day.
For the latest information about developments the purchaser solely because of the death of Private Delivery Services (PDSs)
related to Form 1041-QFT and its instructions, an individual will be treated as meeting this You can use certain PDSs designated by the
such as legislation enacted after they were requirement during the 60-day period
published, go to www.irs.gov/Form1041QFT. beginning on the date of that individual’s IRS to meet the “timely mailing as timely
death. filing” rule for tax returns. Go to www.irs.gov/
PDS for the current list of designated services.
Reminders If a QFT has multiple beneficiaries, each
Global intangible low-taxed income. The beneficiary’s separate interest under a The PDSs can tell you how to get written
Tax Cuts and Jobs Act of 2017 (TCJA) (P.L. contract is treated as a separate QFT for the proof of the mailing date.
115-97) requires a U.S. shareholder of any purpose of figuring the tax and filing this For the IRS mailing address to use if you’re
controlled foreign corporation to include in return. Each beneficiary’s share of the trust’s using a PDS, go to www.irs.gov/
gross income its global intangible low-taxed income is determined in accordance with the PDSStreetAddresses.
income (GILTI). For more information, see the beneficiary’s interest in the trust. A PDSs can’t deliver items to P.O.
instructions for line 4, Other Income, later. beneficiary’s interest in a trust may be boxes. You must use the U.S.
Miscellaneous itemized deductions subject determined under any reasonable method. Postal Service to mail any item to
to the 2% floor. Expenses that qualify as Whenever these instructions refer to a trust ▲!
CAUTION an IRS P.O. box address.
miscellaneous itemized deductions subject to or QFT, it includes such separate interests
the 2% floor are no longer deductible. that are treated as separate QFTs. Extension of Time To File
Use Form 7004, Application for Automatic
Net investment income tax (NIIT). An estate Making the Election Extension of Time To File Certain Business
or trust may be subject to NIIT. NIIT is a 3.8% Income Tax, Information, and Other Returns,
tax on the lesser of an estate’s or trust’s The trustee makes the election to treat a trust
undistributed net investment income or the as a QFT by filing Form 1041-QFT for the to get an extension of time to file. An
excess of the estate’s or trust’s adjusted trust by the due date (including extensions). extension of time to file a return doesn’t
extend the time to pay the tax.
gross income over a specified threshold You may elect QFT status for a trust’s first
amount. NIIT may need to be included when eligible year or for any subsequent year. Once Where To File
figuring estimated tax. In addition, there are made, the election can’t be revoked without
special rules when figuring NIIT for a the consent of the IRS. File Form 1041-QFT at the following address.
composite return. See Composite Return, Department of Treasury
later. Composite Return Internal Revenue Service
Purpose of Form A trustee may file a single, composite Form Kansas City, MO 64999
1041-QFT for some or all QFTs of which he or
The trustee of a trust that has elected to be she is the trustee, including QFTs that had a Who Must Sign
taxed as a qualified funeral trust (QFT) files short tax year. Trustee
Form 1041-QFT to report the income, You must attach a statement to a The trustee, or an authorized representative,
deductions, gains, losses, and tax liability of composite Form 1041-QFT that includes the must sign Form 1041-QFT.
the QFT. The trustee can use the form to following information for each QFT (or
report information for a single QFT or for separate interest treated as a separate QFT). Paid Preparer
multiple QFTs having the same trustee. If filing
Form 1041-QFT for multiple QFTs, please see • The name of the owner or the beneficiary. If Generally, anyone who is paid to prepare a
the rules discussed under Composite Return, you list the name of the owner and that trust tax return must sign the return and fill in the
later. has more than one beneficiary, you must other blanks in the Paid Preparer Use Only
separate the trust into shares held by the area of the return. The person required to sign
Pre-need funeral trusts that don’t qualify as separate beneficiaries. the return must:
QFTs should see the Instructions for Form
1041, U.S. Income Tax Return for Estates and • The type and gross amount of each type of • Complete the required preparer information,
Trusts, for their filing requirements. income earned by the QFT for the tax year. • Sign it in the space provided for the
For capital gains, identify separately the preparer’s signature, and
Qualified Funeral Trust amount of (a) net short-term capital gain, (b)
A QFT is a domestic trust that meets all of net long-term capital gain, (c) 28% rate gain, • Give you a copy of the return in addition to
the following requirements. and (d) unrecaptured section 1250 gain. the copy to be filed with the IRS.
• The trust arose as a result of a contract with • The type and amount of each deduction and Anyone who is paid to prepare the trust’s
a person engaged in the trade or business of credit allocable to the QFT. return must enter their PTIN in the Paid
Preparer Use Only section. The PTIN entered
providing funeral or burial services or property • The tax and payments made for each QFT. must have been issued after September 27,
to provide such services. • The termination date for each QFT that was 2010. For information, see Form W-12, IRS
• The sole purpose of the trust is to hold, terminated during the year. Paid Preparer Tax Identification Number
invest, and reinvest funds in the trust and to Note: When calculating NIIT for a composite (PTIN) Application and Renewal.
use those funds solely to pay for funeral or return, treat each beneficiary’s interest in each
burial services or property to provide such QFT (within the meaning of section 685) as a
services for the benefit of the beneficiaries of separate trust.
the trust.
• The only beneficiaries of the trust are
individuals for whom such services or
property are to be provided at their death
under the contracts described above.

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Form 1041-QFT (2022)                                                                                                                       Page  3 

Paid Preparer Authorization                        Interest and Penalties                            Line 2—Employer Identification  
                                                                                                     Number (EIN) 
If the trustee wants to allow the IRS to           Interest 
discuss the QFT’s 2022 tax return with the                                                           If the QFT isn’t filing as part of a composite  
paid preparer who signed it, check the “Yes”       Interest is charged on taxes not paid by the      return, use the EIN of the QFT. If the QFT 
box in the signature area of the return. This      due date, even if an extension of time to file is doesn’t have an EIN, it must apply for one. 
authorization applies only to the individual       granted. Interest is also charged on the          Every trustee that elects to file a composite 
whose signature appears in the Paid Preparer       failure-to-pay penalty, failure-to-file penalty,  return must apply for an EIN to be used only 
Use Only section of the QFT’s return. It           the accuracy-related penalty, and the fraud       for filing Form 1041-QFT. A trustee must use 
doesn’t apply to the firm, if any, shown in that   penalty. The interest charge is figured at a      a separate EIN for every Form 1041-QFT it 
section.                                           rate determined under section 6621.               files. 
If the “Yes” box is checked, the trustee is        Late Filing of Return                             A QFT without an EIN can apply for one in 
authorizing the IRS to call the paid preparer to   Section 6651 provides for penalties for late      the following ways. 
answer any questions that may arise during         filing unless there is a reasonable cause for     • Online—A QFT can receive an EIN by 
the processing of the QFT’s return. The            the delay. The law also provides for penalties    Internet and use it immediately to file a return. 
trustee is also authorizing the paid preparer      for willful attempts to evade payment of tax.     Go to the IRS website at www.irs.gov/EIN and 
to:                                                The penalty won't be imposed if you can           click on “Apply for an EIN Online.”
• Give the IRS any information that’s missing      show that the failure to file on time is due to   • By mail or fax—Send in a completed Form  
from the QFT’s return;                             reasonable cause and not due to willful           SS-4. Form SS-4 can be obtained online at 
• Call the IRS for information about the           neglect.                                          www.irs.gov/OrderForms.
processing of the QFT’s return or the status       If you receive a notice about penalty and         If the QFT hasn’t received its EIN by the 
of its refund or payment(s); and                   interest after you file this return, send us an   time the return is due, write “Applied for” in 
• Respond to certain IRS notices that the          explanation, and we will determine if you meet    the space for the EIN. 
trustee has shared with the preparer about         reasonable-cause criteria. Don’t attach an 
math errors, offsets, and return preparation.      explanation when you file Form 1041-QFT.          Line 3—Address 
                                                   For more information about penalties for late     Include the suite, room, or other unit number  
The trustee isn’t authorizing the paid             filing, see Late Filing of Return in the          after the street address. If the post office 
preparer to receive any refund check, bind         Instructions for Form 1041.                       doesn’t deliver mail to the street address and 
the QFT to anything (including any additional  
tax liability), or otherwise represent the QFT     Late Payment of Tax                               you have a P.O. box, show the box number 
                                                                                                     instead of the street address. 
before the IRS.                                    Generally, the penalty for not paying the tax  
The authorization will automatically end no        when due is  / 12of 1% of the unpaid amount       If you want a third party (such as an 
later than the due date (without regard to         for each month or part of a month that it         accountant or an attorney) to receive mail for  
extensions) for filing the QFT’s 2022 tax          remains unpaid. The maximum penalty is 25%        the QFT, enter “C/O” on the street address 
return. If the trustee wants to expand the paid    of the unpaid amount. The penalty applies to      line, followed by the third party’s name and 
preparer’s authorization or revoke the             any unpaid tax on the return. Any penalty is in   street address or P.O. box.
authorization before it ends, see Pub. 947,        addition to interest charges on late payments.    If you change your address (including a new 
Practice Before the IRS and Power of                                                                 “in care of” name and address) after filing 
Attorney.                                          Underpaid Estimated Tax                           Form 1041-QFT, use Form 8822-B, Change of 
                                                   If the trustee underpaid estimated tax, use       Address or Responsible Party — Business, to 
Accounting Methods                                 Form 2210, Underpayment of Estimated Tax          notify the IRS. 
Figure taxable income using the method of          by Individuals, Estates, and Trusts, to figure 
accounting regularly used in keeping the           any penalty.                                      Line 4—Number of QFTs
                                                                                                     If this is a composite return, enter the total  
QFT’s books and records. Generally,                            If you include interest or any of     number of QFTs (including separate interests  
permissible methods include the cash                           these penalties with your payment,    treated as separate QFTs) included on the  
method authorized by the Internal Revenue          ▲!
method, the accrual method, or any other                       identify and enter these amounts      return. 
                                                   CAUTION
Code. In all cases, the method used must                       in the bottom margin of Form  
clearly reflect income.                            1041-QFT. Don’t include the interest or           Part II—Tax Computation 
                                                   penalty amount in the balance of tax due on 
Generally, the QFT may change its                  line 17.                                          Composite Return
accounting method (for income as a whole or                                                                  If this is a composite return,  
for any material item) only by getting consent     Other Penalties 
                                                                                                             enter in Part II the totals for all the 
on Form 3115, Application for Change in            Other penalties can be imposed for                        QFTs included on the return.
Accounting Method. For more information,           negligence, substantial understatement of tax,    ▲!
                                                                                                     CAUTION
see Pub. 538, Accounting Periods and               and fraud. See Pub. 17, Your Federal Income 
Methods.                                           Tax, for details on these penalties.              Income 
Accounting Period                                  Final Form 1041                                   Line 2a—Total Ordinary Dividends 
All QFTs must use a calendar year as their         If you have an existing EIN(s) that you           Report all ordinary dividends received during  
accounting period.                                 previously used for filing Form 1041 and that     the tax year. 
                                                   you won’t use again (that is, for QFTs            Report capital gain distributions on 
Rounding Off to Whole Dollars                      included in a composite return), you should       Schedule D (Form 1041), line 13. 
You must round off cents to whole dollars on       file Form 1041 and check the final return box. 
your return and statements. If you do round to 
whole dollars, you must round all amounts.         Specific Instructions 
Estimated Tax                                      Part I—General Information 
Generally, a QFT must pay estimated income         Line 1—Name of Trust 
tax for 2023 if it expects to owe, after  
subtracting withholding and credits, at least      Copy the exact name from the Form SS-4,  
$1,000 in tax. Estimated tax liability is figured  Application for Employer Identification 
for the individual QFT, and not for a              Number, used to apply for the EIN you are 
composite return taken as a whole. For details     using to file Form 1041-QFT. 
and exceptions, see Form 1041-ES, 
Estimated Income Tax for Estates and Trusts.

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Form 1041-QFT (2022) Page 4

Line 2b—Qualified Dividends Line 12—Tax Line 18—Tax Due
Enter on line 2b the amount reported on line Tax rate schedule. Unless the instructions You must pay the tax in full when the return is
2a that is a qualified dividend. A qualified that follow for Schedule D or Composite filed. Make the check or money order payable
dividend is a dividend received during the tax Return apply, figure the tax using the Tax to “United States Treasury.” Write the EIN
year from (a) a domestic corporation, or (b) a Rate Schedule below. Enter the tax on line 12. from line 2 of the form and “2022 Form
qualified foreign corporation. A qualified 1041-QFT” on the payment. Enclose, but
dividend doesn’t include any dividend from a 2022 Tax Rate Schedule don’t attach, the payment with Form
corporation if the corporation is (or was) 1041-QFT.
exempt from income tax under section 501 or If taxable
521 for the tax year during which the income But Of the Paperwork Reduction Act Notice. We ask
distribution was made, any amount allowed is: not amount for the information on this form to carry out
as a deduction under section 591, or any Over— over Its tax is: over— the Internal Revenue laws of the United
dividend described under section 404(k). $0 $2,750 10% $0 States. You are required to give us this
Exception. Some dividends may be reported 2,750 9,850 $275 + 24% 2,750 information. We need it to ensure that you are
to the trust as qualified dividends but aren’t 9,850 13,450 1,979 + 35% 9,850 complying with these laws and to allow us to
qualified dividends. See the instructions for 13,450 - - - - 3,239 + 37% 13,450 figure and collect the right amount of tax.
line 2b(2) in the 2022 Instructions for Form You aren’t required to provide the
1041 for more information. Schedule D. If the QFT had both a net information requested on a form that is
capital gain and any taxable income, or any subject to the Paperwork Reduction Act
Line 4—Other Income qualified dividends and any taxable income, unless the form displays a valid OMB control
Enter all other types of income not included complete Part V of Schedule D (Form 1041), number. Books or records relating to a form
on line 1a, 2a, or 3. List the type and amount and then enter the tax from line 45 of or its instructions must be retained as long as
on an attached statement if the QFT(s) has Schedule D on line 12. their contents may become material in the
more than one item. Composite return. If this is a composite administration of any Internal Revenue law.
If you are reporting GILTI, include it on the return, check this box and enter on line 12 Generally, tax returns and return information
attached statement. You must also complete the total of the tax figured separately for each are confidential, as required by section 6103.
and attach Form 8992, Global Intangible Low- QFT using either the 2022 Tax Rate Schedule The time needed to complete and file this
Taxed Income (GILTI). above or Schedule D (Form 1041). form will vary depending on individual
Deductions Line 13—Credits circumstances. The estimated average time is:
Specify the type of credit being claimed and Recordkeeping . . . . 10 hr., 2 min.
Allocation of Deductions for attach any required credit forms. If you are Learning about the law
Tax-Exempt Income claiming more than one type of credit, attach or the form . . . . . . 2 hr., 18 min.
Generally, no deduction that would otherwise a statement listing the type and amount of Preparing the form . . . 5 hr., 21 min.
be allowable is allowed for any expense that each credit claimed. See the Instructions for
is allocable to tax-exempt income, such as Form 1041 for details on the credits that may Copying, assembling,
interest on state or local bonds. be claimed. and sending the form
to the IRS . . . . . . . . 48 min.
Exception. State income taxes and business Line 15—Net Investment Income Tax If you have comments concerning the
expenses that are allocable to tax-exempt For tax years beginning on or after January 1, accuracy of these time estimates or
interest are deductible. 2013, a QFT may be liable for the NIIT suggestions for making this form simpler, we
Expenses that are directly allocable to enacted under section 1411. To determine if would be happy to hear from you. You can
tax-exempt income are allocable only to this tax applies, see Form 8960, Net send us comments from www.irs.gov/
tax-exempt income. A reasonable proportion Investment Income Tax—Individuals, Estates, FormComments . Or you can send your
of expenses indirectly allocable to both and Trusts, and its instructions. comments to Internal Revenue Service, Tax
tax-exempt income and other income must be Forms and Publications, 1111 Constitution
allocated to each class of income. Line 16—Total Tax Ave. NW, IR-6526, Washington, DC 20224.
If the QFT owes any additional taxes (for Don’t send the tax form to this address.
Limitations on Deductions example, alternative minimum tax, recapture Instead, see Where To File, earlier.
Generally, the amount a QFT has “at-risk” taxes, etc.), include these taxes on line 16. To
limits the loss it can deduct in any tax year. the left of the entry space, write the type and
Also, section 469 and its regulations generally amount of the tax. Also attach to Form
limit losses from passive activities to the 1041-QFT any forms required to figure these
amount of income derived from all passive taxes (for example, Schedule I (Form 1041)).
activities. Similarly, credits from passive See the Instructions for Form 1041 for more
activities are generally limited to the tax details on additional taxes that may apply.
attributable to such activities.
Line 17—Payments
For details on these and other limitations on
deductions, see Deductions in the Include on line 17 any of the following.
Instructions for Form 1041. • Estimated tax payments made for 2022.
Line 9—Other Deductions • Tax paid with a request for an extension of
time to file.
Attach your own statement, listing by type
and amount all allowable deductions. • Federal income tax withheld (for example,
backup withholding).
QFTs aren’t allowed a deduction
for a personal exemption. • Credit for tax paid on undistributed capital
gains. Also attach Copy B of Form 2439,
▲! Notice to Shareholder of Undistributed
CAUTION
Long-Term Capital Gains.

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