The Internal Revenue Service (IRS) is asking for feedback from the public and other federal agencies on the continuation of certain information collection activities related to Form 1041-A, used for reporting charitable trust accumulations. This request comes as part of efforts to minimize paperwork burdens, as mandated by the Paperwork Reduction Act of 1995. The IRS is particularly interested in comments about whether this information collection is necessary, accurate, and could be improved. The deadline for submitting comments is April 19, 2021.
Simple Explanation
The IRS wants to know what people think about a form that tells them about money saved in trust accounts for charity. They want to make sure the form is easy to understand and not too hard to fill out.