7 May 2025
📄IRS Requests Comments on Form 5316 for Group Trust Rulings
Agency Collection Activities; Requesting Comments on Form 5316
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 5316, Application for Group or Pooled Trust Ruling.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The IRS is requesting comments on Form 5316, which affects group or pooled trust rulings that businesses and organizations must comply with, indicating regulatory requirements related to tax obligations. This has financial implications as businesses that rely on such trusts need to provide necessary information for compliance.