IRS Issues Proposed Regs on Charitable Reporting Requirements
On Aug. 17, 2026, the Internal Revenue Service issued proposed regulations (proposed regs) (REG-109082-25) that would: (1) eliminate the Form 1041-A reporting requirement for a trust whose only charitable deduction is attributable to a charitable contribution made by a pass-through entity in which the trust owns an interest; and (2) confirm that a split-interest trust…