What Is IRS Form 5227? Who Files It, What It Covers, and What Happens If You Don’t
Form 5227 might look like just another information return, but for trustees of charitable remainder trusts, pooled income funds, and other split-interest trusts, it carries real personal liability. Here's what the form actually covers, who's on the hook for filing it, and why "reasonable cause" may be your only lifeline if a deadline slips.