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Information about Form 8825, Rental Real Estate Income and Expenses of a Partnership or an S Corporation, including recent updates, related forms, and instructions on how to file. Form 8825 is used to report income and deductible expenses from rental real estate activities.

Use Form 5227, Split-Interest Trust Information Return, to report the financial activities of a split-interest trust, provide certain information regarding charitable deductions and distributions of or from a split-interest trust, and determine if the trust is treated (for Chapter 42 excise tax purposes) as a private foundation and subject to certain excise taxes under Chapter 42. Form 5227 is open to public inspection.

Form 5305, Traditional Individual Retirement Trust Account, is a model trust account agreement that meets the requirements of section 408(a).

Publication 904, Estate & Gift Tax Interrelated Computations, explains and illustrates both the Trial and Substitution method and the Algebraic method that can be used to compute the Internal Revenue Code (IRC) 2055 charitable deduction or the IRC 2056 marital deduction when an interrelated computation is necessary for Federal estate tax purposes. The publication also explains how to compute the Federal gift tax using the Trial and Substitution method and the Algebraic method when a net gift is involved.

Group/pooled trust sponsors file Form 5316, Application for Group or Pooled Trust Ruling, to request a determination letter from the IRS for a determination that the trust is a group trust arrangement.

Form 5308, Request for Change in Plan/Trust Year, is used by certain employee retirement plans to request approval to change the plan/trust year.

This chart summarizes the type of insurance coverage, whether it's covered by the fee and who is responsible for paying and reporting the fee.

Book Value Balance Sheet Information

Feb. 26, 2025 ¡ª A pair of Charlotte businessmen were sentenced today in federal court for failing to account for and pay over to the Internal Revenue Service (IRS) more than $150,000 in trust fund taxes over five quarters in 2016 and 2017, announced Lawrence J. Cameron, Acting U.S. Attorney for the Western District of North Carolina.

March 24, 2023 ¡ª U.S. District Judge Mary S. Scriven has sentenced Frank Sebastian Visicaro to 24 months in federal prison for conspiracy to commit money laundering. As part of his sentence, the court also ordered Visicaro to pay restitution in the amount of $1,088,440, the proceeds of funds laundered through bank accounts he controlled. Visicaro had pleaded guilty on December 9, 2021.