How to File IRS Form 5227 for a Charitable Lead Annuity Trust (CLAT) for 2022
Charitable Lead Annuity Trusts (CLAT) are a split interest trusts where the lead beneficiary is the charity, and the remainder beneficiary is usually an individual person.
How to File IRS Form 5227 for Net Income Charitable Remainder Unitrust (NICRUT)
The IRS Form 5227 is filed by split-interest trusts. This example covers a Form 5227 filing for a NICRUT for the 2022 tax year.
Taxation of Grantor vs. Non-Grantor Trusts
The U.S. federal tax treatment for a trust will largely depend upon whether the trust is a grantor or non-grantor trust arrangement. This article and video walkthrough discuss some of the basic differences.
