Instructions For Form 5227 - 2016 (Page 3 of 20) in pdf

Other Forms You May Have To File

Where To File

You may also be required to file one or more of the following

U.S. Address. If you use the U. S. Postal Service, and are

forms.

located in the United States, file Form 5227 at the following

Form 56, Notice Concerning Fiduciary Relationship.

address:

Form 1041, U.S. Income Tax Return for Estates and

Trusts.

Department of the Treasury

Form 1041-ES, Estimated Income Tax for Estates and

Internal Revenue Service Center

Trusts.

Ogden, UT 84201-0027

Form 4720, Return of Certain Excise Taxes Under

Chapters 41 and 42 of the Internal Revenue Code.

Outside the U.S. If you use a designated Private Delivery

Form 8275, Disclosure Statement. Use this form to

Service (or are located outside the U.S. in a foreign country

disclose items or positions (except those contrary to a

or a U.S. possession), file Form 5227 at this address:

regulation—see Form 8275-R, next) that aren't otherwise

adequately disclosed on the tax return. The disclosure is

Internal Revenue Service Center

made to avoid parts of the accuracy-related penalty for

1973 Rulon White Blvd.

disregard of rules or substantial understatement of tax. Form

M/S 6054

8275 is also used for disclosures relating to preparer

Ogden, UT 84201

penalties for understatements due to unrealistic positions or

for willful or reckless conduct.

Private delivery services (PDSs). In addition to the U.S.

Form 8275-R, Regulation Disclosure Statement. Use this

Postal Service, exempt organizations can use certain private

form to disclose any item on a tax return for which a position

delivery services designated by the IRS to meet the “timely

has been taken that is contrary to Treasury regulations.

mailing as timely filing/paying” rule for tax returns and

Form 8822-B, Change of Address or Responsible

payments. These private delivery services include only the

Party—Business.

following.

Form 8868, Application for Automatic Extension of Time

DHL Express 9:00, DHL Express 10:30, DHL Express

To File an Exempt Organization Return.

12:00, DHL Express Worldwide, DHL Express Envelope,

Form 8870, Information Return for Transfers Associated

DHL Import Express 10:30, DHL Import Express 12:00, DHL

With Certain Personal Benefit Contracts.

Import Express Worldwide.

Form 8886, Reportable Transaction Disclosure Statement.

Federal Express (FedEx): FedEx First Overnight, FedEx

You can order forms and publications by downloading

Priority Overnight, FedEx Standard Overnight, FedEx 2Day,

forms at can also get most

FedEx International Next Flight Out, FedEx International

forms and publications at your local IRS office or online at

Priority, FedEx International First, and FedEx International

IRS.gov.

Economy.

Period To Be Covered by Return

United Parcel Service (UPS): UPS Next Day Air Early AM,

UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day

File Form 5227 for each calendar year. This revision of the

Air, UPS 2nd Day Air A.M., UPS Worldwide Express Plus,

form is for the 2016 calendar year.

and UPS Worldwide Express.

Accounting Methods

PDSs cannot deliver items to P.O. boxes. You must use

the U.S. Postal Service to mail any item to an IRS P.O. box

Trust income must be computed using the method of

address.

accounting regularly used in keeping the trust's books and

PDSs deliver to:

records. Generally, permissible methods include the cash

method, the accrual method, or any other method authorized

Internal Revenue Service Center

by the Internal Revenue Code. The method used must

1973 Rulon White Blvd.

clearly reflect income.

M/S 6054

Unless otherwise allowed by law, the trust may not

Ogden, UT 84201

change the accounting method used to report income (for

income as a whole or for any material item) without first

The private delivery service can tell you how to get written

getting consent on Form 3115, Application for Change in

proof of the mailing date.

Accounting Method. See Pub. 538, Accounting Periods and

Penalty for Failure To File Timely,

Methods, for more details.

Completely, or Correctly

When To File

The failure to file penalty under section 6652(c)(2)(C) is

File Form 5227 for calendar year 2016 by April 18, 2017. In

imposed on a split-interest trust unless the failure is due to

the case of a final short-year period, the return is due by the

reasonable cause. The penalty is imposed on the trust for

15th day of the 4th month following the date of the trust's

failure to:

termination.

Timely file a return,

Extension of Time To File. Use Form 8868 to request an

File a complete return, or

automatic extension of time to file. The request for an

Furnish correct information.

automatic extension must be filed by the due date of the

The penalty is $20 for each day the failure continues with

return.

a maximum of $10,000 for any one return. However, if the

trust has gross income greater than $255,000, the penalty is

-3-

Instructions for Form 5227

Instructions For Form 5227 - 2016 Page 3

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