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Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent - The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires executors of an estate and other persons who are required to file Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return or Form 706-NA, United States Estate (and Generation-Skipping Transfer) Tax Return Estate of nonresident not a citizen of the United States, to report the final estate tax value of property distributed or to be distributed from the estate, if the estate tax return is filed after July 2015. Form 8971, along with a copy of every Schedule A, is used to report values to the IRS.

Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent - The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires executors of an estate and other persons who are required to file Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return or Form 706-NA, United States Estate (and Generation-Skipping Transfer) Tax Return Estate of nonresident not a citizen of the United States, to report the final estate tax value of property distributed or to be distributed from the estate, if the estate tax return is filed after July 2015. Form 8971, along with a copy of every Schedule A, is used to report values to the IRS.

The trustees of each qualified revocable trust (QRT) and the executor of the related estate, if any, use Form 8855, Election to Treat a Qualified Revocable Trust, as Part of an Estateto make a section 645 election. This election allows a QRT to be treated and taxed (for income tax purposes) as part of its related estate during the election period. Once the election is made, it cannot be revoked.

U.S. persons (and executors of estates of U.S. decedents) file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, to report certain transactions with foreign trusts, ownership of foreign trusts under the rules of sections 671 through 679, and receipt of certain large gifts or bequests from certain foreign persons.

U.S. persons (and executors of estates of U.S. decedents) file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, to report certain transactions with foreign trusts, ownership of foreign trusts under the rules of sections 671 through 679, and receipt of certain large gifts or bequests from certain foreign persons.

Form 5305-S, SIMPLE Individual Retirement Trust Account, is a model trust account agreement that meets the requirements of sections 408(a) and 408(p).

A beneficiary of certain domestic trusts uses Form 4970, Tax on Accumulation Distribution of Trusts, to figure the partial tax on accumulation distributions under section 667.

Use Form 1041-A, U.S. Information Return Trust Accumulation of Charitable Amounts, to report the charitable information required by section 6034 and the related regulations.

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.

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.