Home Forum Contact Create an Account Sign In Create a Trust

IRS Form 56

This topic contains 2 replies, has 0 voices, and was last updated by Avatar of clallen clallen 11 years, 7 months ago.

Viewing 0 posts
  • Author
    Posts
  • #4443
    Avatar of clallen
    clallen
    Member

    Do you know if a Form 56 is required when you do a land trust?

    I have heard that you do have to but I am not sure if it only applys
    if the trustee is a company.

    I have attached a Form 56.

    Here is where Mark Warda said that a Form 56 is necessary
    http://www.warda.net/LTSC-9.html

    Here is the IRS ruling

    http://www.taxlinks.com/rulings/1963/revrul63-16.htm

    #24569
    Avatar of jim_pasquini
    jim_pasquini
    Member

    That form is part of the documentation you pay for when you have NARS do it for you.

    Unless something has changed with the gubment, they complete that form, and put it in the file. In the past, it was completed and submitted, and the IRS would send it back.

    Joe Cain and his documentation board would be your best resource on this.

    #24570
    Avatar of bill_gatten
    bill_gatten
    Participant

    Like the Jimbo says, they don’t do much…that ol’ gubment, when it comes to the Notice of Fiduciary Responsibility (form 56a). But we always complete one anyway. They always send it back, but hey, who knows, maybe they keep a photocopy…or something. Snot my problem!

    Bill

    #24571
    Avatar of buzzbox
    buzzbox
    Participant

    Bill,

    Does this mean that everytime a new beneficiary is added or assigned a 56a form must be filed?

Viewing 0 posts

You must be logged in to reply to this topic.

Tagged with:
Posted in
Contact Form
Your Fullname:


Email Address:


Phone:


Best Time to Call:


Subject:


Your Message:


Security Code:

 

Can't read the above security code? Refresh



Warning: Unknown: 1 result set(s) not freed. Use mysql_free_result to free result sets which were requested using mysql_query() in Unknown on line 0