Instructions For Form 5227 - Split-Interest Trust Information Return - 1994 Page 7
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7Part VII—Questionnaire for
If you, as trustee (or an employee or
Section B—Pooled Income Funds
officer of the trust), fill in Form 5227, the
Charitable Lead Trusts and
Line 2
Paid Preparer’s space should remain
Pooled Income Funds
blank. If someone prepares this return
Upon termination of the income interest
without charge, that person should not
retained or created by a donor, the
Section A—Charitable Lead Trusts
sign the return.
trustee is required to sever from the fund
an amount equal to the value of the
Generally, anyone who is paid to
Line 1
remainder interest in the property upon
prepare a tax return must sign the return
The information on this line is used to
which the income interest is based. The
and fill in the other blanks in the Paid
determine whether sections 4943 and
amount severed from the fund must
Preparer’s Use Only area of the return.
4944 apply for 1994.
either be paid to, or retained for the use
If you have questions about whether a
of, the designated public charity, as
Line 3
preparer is required to sign the return,
provided in the governing instrument.
please contact an IRS office.
Enter the amount for payments
See Regulations section 1.642(c)-5(b)(8)
The person required to sign the return
described in sections 170(f)(2)(B),
for valuation procedures.
as the preparer must complete the
2055(e)(2)(B), and 2522(c)(2)(B).
required preparer information and:
Signature
Line 4
Sign it, by hand, in the space provided
Enter the amount for payments
Form 5227 must be signed by the
for the preparer’s signature. (Signature
permitted by Regulations sections
trustee or by an authorized
stamps and labels are not acceptable.)
1.170A-6, 20.2055-2, and 25.2522(c)-3.
representative.
Give the trustee a copy of the return
in addition to the copy to be filed with
the IRS.
Printed on recycled paper
Page 7
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