Summary of Changes for Form

Major Changes to the 2007 Form 5227, Split-Interest
Trust Information Return
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On page 1, we moved Date the trust was created (formerly item D) to a newly created space
under item B, and changed the item D text to Gross Income.

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On page 1, we changed item F to item G (to accommodate the above changes), and revised
the text of item G to reflect section 664(c)(2) and TE/GE recommendations.

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On page 1, under Part I. Income and Deductions, we expanded this part to clarify what all
trusts must complete regarding income and deductions.

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On page 1, under Part I. Income and Deductions, we revised line 12 to reflect Reg. section
1.664-1(d)(1), and line 18 to reflect Reg. sections 1.664-1(2) and 1.6034-1(a)(5).

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On page 2, we revised and expanded Part III-B. Accumulated Income Set Aside and Income
Distributions for Charitable Purposes to reflect Reg. section 1.6034-1(a)(1) through (3) and
capture additional information for TE/GE.

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On page 4, under Part V-B. Charitable Remainder Unitrust (CRUT) Information, we
clarified line 68 to reflect Reg. section 1.664-3(a)(1) and the amount it represents.

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On page 7, on Schedule A—Distributions, Assets, and Donor Information, we clarified Part
II-A. Current Distributions Schedule to clearly present what each amount represents (that is,
a required versus an actual distribution).

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On page 7, we added text after the Total line on Schedule A—Distributions, Assets, and
Donor Information, Part II-A. Current Distributions Schedule, to make a comparison
between required and actual distributions for charitable remainder trusts and to request and
explanation if they are not the same.

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