An Alaska Native Settlement Trust (ANST) may elect under Internal Revenue Code section 646 to have the special income tax treatment of that section apply to the trust and its beneficiaries. This one-time election is made by filing Form 1041-N and the form is used by the ANST to report its income, deductions, gains, losses, etc., and to compute and pay any income tax. Form 1041-N is also used for the special information reporting requirements that apply to ANSTs. Current Revision Form 1041-N PDF Instructions for Form 1041-N (Print Version PDF) Recent Developments Limitation on business losses for certain taxpayers repealed for 2018, 2019, and 2020 --19-MAY-2020 Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020 Reporting Related to IRC Section 965 on 2017 Returns -- 08-MAR-2018 Other Items You May Find Useful All Form 1041-N Revisions About Publication 17, Your Federal Income Tax About Publication 538, Accounting Periods and Methods About Publication 544, Sales and Other Dispositions of Assets About Publication 550, Investment Income and Expenses About Publication 551, Basis of Assets About Publication 947, Practice Before the IRS and Power of Attorney Other Current Products Related About Form 56, Notice Concerning Fiduciary Relationship About Form 1041, U.S. Income Tax Return for Estates and Trusts About Form 1041-ES, Estimated Income Tax for Estates and Trusts About Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts About Form 3115, Application for Change in Accounting Method About Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts About Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner
