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

Navigating the New Reporting Requirements and Avoiding Compliance Errors

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

Conducted on Thursday, August 20, 2015

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,” as well as discussing 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
  • Which trusts require which sections of Form 5227
  • Computation of annual payments
  • Income-deferral opportunities
  • Fiduciary accounting techniques and requirements


Ted R. Batson, Jr.
Ted R. Batson, Jr.
Executive Vice President

Mr. Batson is Executive Vice President of Professional Services for Renaissance, the nation’s leading...  |  Read More

Joe Carter
Joe Carter
Director of Planned Giving
Oklahoma City Community Foundation

Mr. Carter has over 24 years’ experience in higher education and nonprofit fundraising for organizations in...  |  Read More

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