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Insights into types of nontaxable and treaty-sourced income distributions; the treatment of income derived from allotted land; and the tax implications of income derived from land that has been removed from trust.

Requirements for exemption under Internal Revenue Code section 501(c)(17).

To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the TFRP.

Abusive Trust Tax Evasion Schemes - Talking Points

Abusive Trust Tax Evasion Schemes - Questions and Answers

If you own rental property, know your federal tax responsibilities. Report all rental income on your tax return, and deduct the associated expenses from your rental income.

Information about Form 4970, Tax on Accumulation Distribution of Trusts, including recent updates, related forms and instructions on how to file. A beneficiary of certain domestic trusts uses this form to figure the partial tax on accumulation distributions under section 667.

Information about Form 5227, Split-Interest Trust Information Return, including recent updates, related forms and instructions on how to file. Use Form 5227 to report the financial activities of a split-interest trust, provide certain information regarding charitable deductions and distributions from a split-interest trust, and determine if the trust is treated as a private foundation and subject to certain excise taxes under Chapter 42.

Form 14242, Report Suspected Abusive Tax Promotions or Preparers (PDF) contains a questionnaire that should be used to record informant contacts and to facilitate referrals to the Internal Revenue Service Abusive Schemes Lead Development Center.

Scope of provisions regarding split-interest trusts in Code section 4947.