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23. TRUST FUNDS AND FEDERAL FUNDS As is common for State and local government budgets, the budget for the Federal Government contains information about collections and expenditures for different types
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Trust funds are funds held in a fiduciary capacity by a trustee for the benefit of a beneficiary. Federal refers to the government of a country or nation.
Individuals or entities who are designated as trustees or beneficiaries of trust funds are required to file trust funds and federal.
Trust funds and federal forms can be filled out by providing accurate information regarding the trust funds and the federal government.
The purpose of trust funds is to ensure that funds are managed and distributed in accordance with the terms of the trust, while the purpose of federal is to govern and regulate the country's affairs.
Information such as the names of trustees and beneficiaries, details of the trust assets, and any income or distributions must be reported on trust funds and federal forms.
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