Form 5227 Reporting: Charitable Split-Interest Annuity Trusts and Unitrusts

Avoiding Common Errors in Information Reporting of CLATs, CRATs, CLUTs and CRUTs

Recording of a 110-minute CPE webinar with Q&A

Conducted on Tuesday, July 2, 2019

Recorded event now available

or call 1-800-926-7926
Program Materials

This webinar will provide tax preparers with detailed guidance on preparing Form 5227, Split-Interest Trust Information Return. The panel will address common mistakes and traps for preparers to avoid and will provide detailed guidance on the "four-tier rules," discuss UBTI and Chapter 42 Excise Tax reporting requirements as well as the effect of tax reform on the form.


Practitioners filing IRS Form 5227, Split-Interest Trust Information Return, often struggle with material terms in preparing the complicated return. Common errors include misidentifying the type of split-interest trust, incorrectly calculating required payments to income recipients, and failing to identify trust provisions that impact the calculation of trust accounting income. Another significant preparation problem involves knowing which parts of Form 5227 to complete and which to omit.

Knowing how to read and extract information from the trust agreement is critical in determining what type of split-interest trust the donor created, and which information filings are required. For example, a CRT never requires filing Form 1041. However, a charitable lead trust (CLT) or a pooled income fund (PIF) does necessitate a Form 1041. Knowing the terms and requirements of each type of split-interest trust can help tax professionals avoid penalties for noncompliant filings.

Listen as our experienced panel provides a detailed and comprehensive guide to completing and filing Form 5227, as well as any ancillary filings accompanying split-interest trusts.



  1. Identifying various types of charitable split-interest trusts
  2. Filing Form 5227
  3. Fiduciary accounting requirements
  4. Ancillary forms
  5. Identifying and avoiding common errors
  6. Tax reform considerations


The panel will discuss these and other relevant issues:

  • Definitions of the different types of trusts
  • Trusts that require which sections of Form 5227
  • Computation of annual payments
  • Income-deferral opportunities
  • QBI and tax reform considerations


Hranchak, William
Bill H. Hranchak


Mr. Hranchak provides advice on a variety of tax and business issues to a wide range of clients, including...  |  Read More

McLucas, Charles
Charles J. McLucas, Jr., CPA, PFS

Charitable Trust Administrators

Mr. McLucas focuses on charitable trust administration work and estate planning for high net worth individuals. He and...  |  Read More

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