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

Private Foundations: Treatment of revocable trusts that become charitable trusts

A revocable trust that becomes irrevocable upon the death of the decedent-grantor is not considered a charitable trust for a reasonable period of settlement after becoming irrevocable, if both conditions below are met:

  1. All unexpired interests in the trust are charitable, and
  2. The trust's governing instrument provides that the trustee is required to hold some or all of the net assets in trust (after becoming irrevocable) solely for charitable beneficiaries,

Certain rules concerning self-dealing apply, however. After the settlement period, the trust is considered a charitable trust.

Return to Life Cycle of a Private Foundation