Charitable Remainder Trusts and Preparing Form 5227
Authored by Steven G. Siegel, JD, LLM
About this Course
Client interest is growing in using charitable remainder trusts as a planning device. When such a trust is created, it becomes necessary to prepare and file Form 5227, Split-Interest Trust Return, to report the income and distributions of the trust, as well as to advise the IRS of the trust's ongoing performance. This course examines how charitable remainder trusts work and explains how to manage the compliance requirements in reporting to the IRS with Form 5227.
Upon completion of this course, you will be able to: Understand what charitable remainder trusts are and how they are used; Explain the tax-exempt nature of CRTs; Properly complete Form 5227, Split-Interest Trust Return
Basic knowledge of wealth transfer taxation concepts