Form 1041-V: What Is Form 1041-V and Do You Have To Use It? No Checks of $100 Million or More Accepted
Form 1041-V: What Is Form 1041-V and Do You Have To Use It? No Checks of $100 Million or More Accepted
Form 1041-V: What Is Form 1041-V and Do You Have To Use It? No Checks of $100 Million or More Accepted
Any reference in these instructions to “you” means the • Write the estate’s or trust’s EIN and “2021 Form 1041”
fiduciary of the estate or trust. on the check or money order.
What Is Form 1041-V and Do You Have To • To help us process the payment, enter the amount on
the right side of the check like this: $ XXX.XX. Don’t use
Use It? dashes or lines (for example, don’t enter “$ XXX—” or
It is a statement you send with a check or money order “$ XXX xx/100”).
for any balance due on line 28 (Tax due) of the estate’s or
trust’s 2021 Form 1041. Using Form 1041-V allows us to No Checks of $100 Million or More Accepted
process the payment more accurately and efficiently. We The IRS can’t accept a single check (including a cashier’s
strongly encourage you to use Form 1041-V, but there is check) for amounts of $100,000,000 ($100 million) or
no penalty if you don’t. more. If you’re sending $100 million or more by check,
You may choose to pay any balance due electronically. you’ll need to spread the payments over two or more
If you do, you don’t need to send in Form 1041-V. For checks with each check made out for an amount less
more information about electronic payment options, go to than $100 million. The $100 million or more amount limit
www.irs.gov/E-Pay. doesn’t apply to other methods of payment (such as
electronic payments), so please consider paying by
How To Fill In Form 1041-V means other than checks.
Line 1. Enter the estate’s or trust’s employer identification How To Send In the Estate’s or Trust’s 2021
number (EIN) as shown on its return.
Tax Return, Payment, and Form 1041-V
Line 2. Enter the amount you are paying by check or
money order. • Detach Form 1041-V along the dotted line.
Line 3. Enter the name of the estate or trust. • Don’t staple or otherwise attach the payment or Form
1041-V to the return or to each other. Instead, just put
Line 4. Enter your name and title. them loose in an envelope.
Line 5. Enter your address exactly as shown on the • Mail the estate’s or trust’s 2021 tax return, payment,
estate’s or trust’s return. Please print clearly. and Form 1041-V to the address shown on the back that
How To Prepare the Payment applies to you.
Where To File
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Department of the Treasury
Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Internal Revenue Service
Missouri, Montana, Nebraska, Nevada, New Mexico, North Ogden, UT 84201-0148
Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah,
Washington, Wyoming