To reduce paperwork and the burden on taxpayers, the IRS has issued notice and asked for comments on Form 1041-A, the information return for trust accumulation of charitable amounts.  All comments must be received by September 8, 2014.

See “Proposed Collection; Comment Request for Form 1041-A,” 79 Fed. Reg. 38671 (July 8, 2014)

Posted by David Staggs, Associate Editor, Wealth Strategies Journal