1. attached. AICPA Draft #5 A Type of Entity (See Instructions): Sign
Department of the Treasury ― Internal Revenue Service
Form 1041 NR US Income Tax Return for Foreign Estates & Trusts OMB No.
A Type of Entity (See Instructions):
Calendar year 2007 or fiscal year beginning , 2007 & ending
Decedent’s Estate
Simple Trust-Non-Grantor Trust
Complex Trust- Non-Grantor Trust
Grantor Trust with Foreign Owner
Entity Name/Address: C
Employer Identification Number D
Date Entity Created: ________________
Created in Country: ________________ E
Nonexempt charitable and split-interest
Grantor Trust with US Owner
trusts. Check applicable boxes.
Trustee or Executor Name/Address:
(Indicate on Page 2 Applicable Code Section)
Described in Section 4947(a)(1)
Not a Private Foundation
Qualified Domestic Trust (QDOT)
Described in Section 4947(a)(2)
attached. B
Number of Schedules K-1s F
Check
Initial Return
Final
(See Instructions)…►
Applicable
Return
Amended Return
Change in Trust’s Name
Boxes:
Change in Fiduciary
Change in Fiduciary’s Name
Change in Fiduciary’s Address
1 Interest Income
2a Total ordinary dividends 1 2
b Qualified dividends allocable to: (1) Beneficiaries_______ (2) Estate/Trust ____________
3 Business income or (loss). Attach Schedule C or C-EZ (Form 1040) 3
4 Capital gain or (loss). Attach Schedule D (Form 1041NR) (US Sources) …………………….
5 Rents, royalties, partnerships, other estates and trusts, etc. Attach Schedule E (Form 1040). .
6 Farm income or (loss). Attach Schedule F (Form 1040)
7 Ordinary gain or (loss). Attach Form
8 Other income. List type and amount
9 Tax exempt income IRC: a) Section Ref.__________ b) US Tax Treaty Ref: __________. . . 4 5
Income 6 7 8 9
10 Total Income. Combine lines 1, 2a, and 3 through ► 10
11 Interest. Check if Form 4952 is attached ► 11
12 Taxes
13 Fiduciary fees
14 Charitable deduction (from Schedule A, Line 7)
15 Attorney, accountant, and return preparer fees
16a Other deductions not subject to the 2% floor (attach schedule)
16b Allowable miscellaneous itemized deductions subject to the 2% floor
17 Add lines 11 through 16b ►
18 Adjusted total income or (loss). Subtract Line 17 from Line 10. . 12 13 14 15
16a
Deductions
16b 17 18 18 19
Income distribution deduction (from Schedule B, Line 15). Attach Schedules K-1 (Form 1041NR). . 19 20
Estate tax deduction including certain generation-skipping taxes (attach computation) 20
Exemption 21 21
Add Lines 19 through ► 22 22 23
Taxable income. Subtract Line 22 from Line 18. If a loss, see instructions 23 24
Total tax (from Schedule C, Line 8)……………………………………………………………. 24 25
Payments: a 2007 estimated tax payments and amount applied from 2006 return
b Estimated tax payments allocated to beneficiaries (from Form 1041NR-T)
c Subtract Line 25b from Line 25a
d Tax paid with Form 7004 (see instructions)
e Federal income tax withheld at source. If any is from Form(s) 1099, check►
f Credit for federal tax paid. Attach Forms 1042-S, 8288-A, 8805, …..
25a
25b
25c
Tax
25d
&
25e
Payments
Page 4, Line 85
25f g
Less: US withholding tax payments allocated to beneficiaries (from Form 1041NR-T)…………
25g
Other payments: h Form 1116 __________ i Form 2439__________ j Form 4136_________ Total…
25k 26
Total payments. Add Lines 25c through 25f and 25 j………………………………………....
Estimated tax penalty (see instructions) ……………………………………………………….
Tax due. If Line 26 is smaller than the total of Lines 24 and 27, enter amount owed….. …. .
Overpayment. If Line 26 is larger than the total of Lines 24 and 27, enter amount overpaid..
Amount of Line 29 to be Credited to 2008 estimated tax ► b Refunded 26 27 27 28 28 29 29 30 30
Sign
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 correct and complete. Declaration of preparer (other than taxpayer) is based on all information which preparer has any knowledge.
Here ►
May the IRS discuss this return ►
with the preparer shown below?
Signature of fiduciary or officer representing fiduciary Date EIN of fiduciary if a financial institution
(See Instructions)
Yes No
Preparer’s
Date
Check if self-
Preparer’s SSN or PTIN
Signature ►
employed ►
Paid
Firm’s name
Preparer’s
EIN
(or yours if
Use Only
self-employed), ►
Phone Number
address, and
ZIP code.
BAA for Privacy Act and Paperwork Reduction Act Notice, see separate instructions FIFAO105L 11/14/ Form 1041NR (2007)

2. (See Instructions) Yes No
Form 1041NR (2007) Page 2
Creation of the Trust
(See Instructions) Yes No a)
Created by and funded by direct or indirect transfers of property by a US person(s)?………………………………… ___ ___
Trust has one or more US beneficiaries?……………………………………………………………………………….. ___ ___
Were any trust assets transferred into the trust by a non-US person?…………………………………………………. ___ ___
Has a US beneficiary made a gratuitous transfer of property to a non-US person?……………………………………. ___ ___
Were assets transferred to the trust by a US person(s) in exchange for consideration of the property transferred? …. ___ ___
Has a foreign grantor created and funded this trust? (Referred to as a “foreign grantor foreign trust) …. ___ ___
At any time has the trust become a “Foreign Non-Grantor Trust” because it does not meet the “Control Test” or
“Court Test” for US tax purposes? ……………………………………………………………………………………. ___ ___
Was the trust created by the death of the grantor of a foreign grantor trust? …………………………………………. ___ ___ b) c) d) e) f) g) h)
Classification of the Trust
(See Instructions) Yes No
a) Applicable to IRC Sections 674 to 677? …………………………………………………………………………………___ ___
b) Applicable to IRC Section 672(f)? (A foreign grantor created the trust and funded it; however, for income tax
purposes, a US person is responsible for reporting the trust income unless Section 672(f)(2) applies.)………………..
___ ___
c) Applicable to IRC Section 679? ………………………………………………………………………………………… ___ ___
Information Concerning the Trustee
(See Instructions) Yes No
a) Is the trustee a US citizen? ……………………………………………………………………………………………..…___ ___ b)
Does the trustee have “control” by making “substantial” decisions without veto powers held by another party?……… ___ ___ c)
Attach a copy of the trust instrument or will (of the settlor or grantor) ………………………………………………… ___ ___
1) Does either document provide for possible foreign court jurisdiction applicable in IRS Reg (c)(4)(ii)?.. ___ ___
Does the trustee have sole individual trustee or co-trustee powers? Indicate co-trustee, if applicable………………. ___ ___
If the trust has a co-trustee, is the co-trustee a US citizen or US income tax resident during the current year?..……… ___ ___
Is the trustee a US citizen or US income tax resident during the current year? …………………………………………. ___ ___ d)
Indicate the tax jurisdiction of the trust’s administration: ________________________ Has it changed?....……..……. ___ ____ e) f) g)
Schedule A
Charitable Deduction. Do not complete for a simple trust or a pooled income fund.
Amounts paid or permanently set aside for charitable purposes from gross income. (See Instructions) …..
Tax-exempt income allocable to charitable contributions. (See Instructions)………………………………
Subtract Line 2 from Line 1 …………………………………………………………………………………
Capital gains for the tax year allocated to corpus & paid or permanently set aside for charitable purposes..
Add Lines 3 and 4…………………………………………………………………………………………….
Section 1202 exclusion allocable to capital gains paid or permanently set aside for charitable purposes….. 1 1 2 2 3 3 4 45 5 6 6
(See Instructions) 7
Charitable Deduction. Subtract Line 6 from Line 5. Enter here and on Page 1, Line 14………………….. 7
Schedule B
Income Distribution Deduction 1
Adjusted total income. (See Instructions) ………………………………………………………………….
Adjusted tax-exempt interest and other tax-exempt income….……………………………………………..
Total net gain from Schedule D (Form 1041NR), Line 15, Column 1 (See Instructions) ……………………
Enter amount from Schedule A, Line 4 (minus any allocable Section 1202 exclusion) …………………….
Capital gains for the tax year included in Schedule A, Line 1 (See Instructions) …………………………..
Enter any gain from Page 1, Line 4, as a negative number. If Page 1, Line 4, is a loss, enter the loss as positive number.
Distributable net income (DNI). Combine Lines 1 through 6. If zero or less, enter 0 ……….………………………
If a complex trust, enter accounting income for the tax year as determined under the
governing instrument and applicable local law ……………………………………….. 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9
Income required to be distributed currently…………………………………………………………………… 9 10
Other amounts paid credited, or otherwise required to be distributed………………………………………… 10 11
Total distributions. Add Lines 9 and 10. If greater than Line 8, see instructions….. 11 12
Enter the amount of tax-exempt income included on Line 11………………………………………………… 12 13
Tentative income distribution deduction. Subtract Line 12 from Line 11……………………………………. 13 14
Tentative income distribution deduction. Subtract Line 1 from Line 7. If zero or less, enter 0 14 15
Income distribution deduction. Enter the smaller of Line 13 or Line 14 here and on Page 1, Line 19……. 15
11/14/ Form 1041NR (2007)

3. ► Form 1041NR (2007) Page 3 (See Instructions) Other Information
Yes No 1
Did the estate or trust receive tax-exempt income? If yes, attach a computation of the allocation of expenses……. .
Enter the amount of tax-exempt interest income and exempt-interest dividends… ► 2
Did the estate or trust claim the benefits of a US income tax treaty with a foreign country
. See Page ___ for information…. a)
Country: ________________
Type/amount of effectively connected income exempt from US tax: ________________________
b) Applicable Tax Treaty Article # ________________ Description________________________________________________ c)
Type and amount of income not effectively connected that is exempt from or subject to a reduced rate of tax.
Country: __________________ Type/Amount: _____________________________________ Article #: _______________
Description: __________________________________________________________________________________________
d) Attach
d) At
d) Attach Form 8833 for disclosure of a Treaty-Based Return Position. 3
Did the estate or trust receive all or any part of the earnings (salary, wages, & other compensation) of any individual
by reason of a contract assignment or similar arrangement? 4
At any time during the calendar year 2007, did the estate or trust have an interest in or a signature or other authority
over a bank, securities, or other financial account in a foreign country?
See the instructions for exceptions and filing
requirements for Form TD F
If yes, enter the name of the foreign country. ► 5
During the tax year, did the estate or trust receive a distribution from, or was it the grantor of, or transferor to, a
foreign trust? If yes, the estate or trust may have to file Form 3520 or 3520-A. See instructions…………………….. 6
Did the estate or trust file a US income tax return for any year before 2007? If yes, complete the following:
Years: __________________ Form Numbers: _______________ IRS Service Center: _____________________ 7
Did the estate or trust receive, or pay, any qualified residence interest on seller-provided financing?
If yes, see instructions for required attachment………………………………………………………………………… 8
If this is an estate or a complex trust making Section 663(b) election, check here. (See Instructions)………..... ►
To make a Section 643(e)(3) election, attach Schedule D (Form 1041NR), and check here. (See Instructions) ► 9  10
If the decedent’s estate has been open for more than 2 years, attach an explanation for the delay in closing the
………. . …………………………………………………………………………………………………………..►
estate & check here……….. 11
Are any present or future trust beneficiaries skip persons? See Instructions………………………………………….. 12
Did the trustee make an “indirect” distribution from a Foreign Trust through an intervening trust or nominee………
Schedule C
Computation of Tax 1.
Taxable Income, Line 23, Page 1………………………………………………….…………………………… 1 2
Tax (See Page ___ of Instructions)
a) Tax on taxable income………………………………………………………………………………………
b) Tax on lump sum-distributions. Attach Form
c) Alternative minimum tax (from Schedule K, Line 56)……………………………………………………...
d) Tax on income not effectively connected with a US trade or business from Page 6, Line 14………………
e) Total. Add Lines 2a through 2d…………………………………………………………………………… 2a 2b 2c 2d 2e a)
3 a) Foreign Tax Credit. Attach Form 1116……………………………………………………………………
b) Other nonbusiness credits. Attach Schedule……………………………………………………………
c) General business credit. Enter here and check/spcify which forms are attached…………………….. 3a 3b 3c
Form 3800
Form ___
Form ___
Form ___
\ \ \ \ \ \ \ \ \ \ \ \ \ \
d) Credit for prior year minimum tax. Attach Form 8801………………………………………………….. 3d 4
Total credits. Add Lines 3a through 3d…………………………………………………………………………
Subtract Line 4 from Line 2e. If zero or less, enter 0………………………………………………………….
Recapture taxes. Check if from: 4 5 5 6
Form 4255
Form 8611………………………………………… 6
7 Household employment taxes. Attached Schedule H (Form 1040)………………………………………….. 7
Total. Add Lines 5 through 7. Enter here and on Page 1 Line 24……………………………………………. 8 8
11/14/ Form 1041NR (2007)
6/28/ Form 1041NR (2007)

4. Foreign Exchange Transactions (See Instructions)
Form 1041NR (2007) Page 4
Schedule D
Foreign Exchange Transactions
(See Instructions) 1
Transactions for Year 2007 Involving Foreign Exchange.
Amount
a) Foreign Currency to US Dollars
Foreign US
Date Country/Currency Identification Exchange Rate
Currency
Dollars
Total:
b) Net Gain or <Loss> in Currency Exchange
Date Country/Currency Identification Exchange Rate
Amount
Total: c)
US Dollars to Foreign Currency
Date Country/Currency Identification Exchange Rate
Amount
Total: d)
Net Gain or <Loss> in Currency Exchange………………………………………………………. e)
Total Net Gain or <Loss> for 2007 (US Dollars) (Report on Line 8, Page 1)……………………..
11/14/ Form 1041NR (2007)

5. As required by the trust instrument:
Form 1041NR (2007) Page 5
Schedule E
Identification of Distributions to Income Beneficiaries (See Instructions)
Amount
Foreign US
Currency
Dollars 1.
As required by the trust instrument:
a) Distribution of Net Income for Year 2007 paid by cash. (If more than three, attach a separate schedule.)……
(1) Date of Distribution………►__________________
Paid To
(2) Date of Distribution………► _________________ 1.
Paid To
(3) Date of Distribution………►__________________
Paid To b)
Distribution of Net Income for Year 2007 (Non-Cash Distributions). Attach separate schedule if more than one.
(1) Date of Distribution………► _________________ Paid To
(2)
Fair Market Value of Distribution………………………………………………………………….
i) Tax basis of asset distributed………………………………………………………………………
(3)
Value in excess of basis, if any. (Report on Schedule D, Capital Gains/Losses)……………………
(4)
Net gain, if any (before currency exchange fluctuations)…………………………………………….
(5)
Lesser of b)(2) or b)(2)(i)…………………………………………………………………………….. c)
Total Distributions of Net Income Paid or Credited to Beneficiaries (Current Year)
(1) Conversion to US dollars (Report on Line 9, Schedule B, Page 2)…………………………………..
(2)
US withholding taxes allocated to beneficiaries. (See Form 1041NR-T, attached.)………………
Estimated tax payments allocated to beneficiaries. (See Form 1041NR-T, attached.)………………
(3) d)
Other cash distributions to beneficiaries.
(If more than three, attach a separate schedule.)……………..
(1)
Date of Distribution………►__________________
Paid To
(2)
Date of Distribution………► _________________ ___________________________
Paid To
(3)Date of Distribution………►__________________
Paid To _____________________________
Subtotal:
e) Non-Cash Distributions for 2007 other than for current year income. More than one, attach a separate schedule.)……………………….
(1) Date of Distribution… …►__________________. .Paid To___________________________
(2)
Fair Market Value of Distribution…………………………………………………………………….
i) Tax basis of asset distributed………………………………………………………………………
(3)
Value in excess of basis. (Report of Schedule D, Capital Gains/Losses.)……………………………
(4)
Net gain, if any (before currency exchange of fluctuation)……………………………………………
Subtotal: f)
Total of Lines (d) and (e)…………………………………………………………………………………..
(1) Conversion to US Dollars…………………………………………………………………………….
(2)
Line c)(2) plus Line c)(3), plus Line f)(1). (Report on Line 10, Schedule B, Page 2)……………… g)
Portion of Line f)(1) treated as an accumulation distribution of a prior year(s).
(Report on Schedule J, Accumulation Distribution for Certain Complex Foreign Trusts.)……………….
Notes: Transfers out of a trust that are considered a loan or a gift to the beneficiary(s) should be reported above on one of the
lines, unless an exception applies.
(See Instructions) (See discussion of “qualified obligation” in Form 3520 instructions.)
Indicate on Worksheet #3 the qualifying residence and citizenship of each beneficiary for the current year.
11/14/07
Form 1041NR (2007)