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Form 5227 Reporting: Mastering Compliance With Charitable Split-Interest Trusts, NIIT Calculations, and More

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

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Conducted on Thursday, August 18, 2016

Recorded event now available

or call 1-800-926-7926

This course 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,” as well as discuss UBTI and Chapter 42 Excise Tax reporting requirements.


Practitioners filing IRS Form 5227, Split Interest Trust Information Return, often struggle with material terms in preparing the complex 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 must be completed, and which should be omitted.

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 the filing of a Form 1041; however a Form 1041 is required for a charitable lead trust (CLT) or a pooled income fund (PIF). Knowing the terms and requirements of each type of split-interest trust can help tax professionals avoid penalties for noncompliant filings.

Listen as our expert tax 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 the different kinds of charitable split-interest trusts
  2. Filing Form 5227
  3. Fiduciary accounting requirements
  4. Ancillary forms
  5. Identifying and avoiding common errors


The panel will explore 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
  • Fiduciary accounting techniques and requirements


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

Founder and CEO
Charitable Trust Administrators

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

Joylyn Ankeney, CPA
Joylyn Ankeney, CPA


Ms. Ankeney has been assisting clients with charitable, estate & trust planning and compliance for over 15...  |  Read More

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