Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Request for Taxpayer Identification Number (TIN) and Certification
Single and Joint Filers With No Dependents
Employee's Withholding Allowance Certificate

 

Request for Transcript of Tax Returns
Employer's Quarterly Federal Tax Return
Installment Agreement Request
Wage and Tax Statement

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS
Breadcrumb Region

Certain Revocable and Testamentary Trusts that Wind Up

A reasonable period of settlement intervenes before a revocable trust that becomes irrevocable is considered a split-interest trust, in two situations:

  1. The trust becomes irrevocable upon the death of the decedent-grantor, or
  2. The trust was created by will, and the trustee is required to distribute all the net assets in trust or free of trust to both charitable and noncharitable beneficiaries.

After the settlement period, the trust is considered a split-interest trust or a charitable trust, whichever applies.


Return to Life Cycle of a Private Foundation