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Form RE856 Trust Fund Bank Account Reconciliation - California
What Is Form RE856?
This is a legal form that was released by the California Department of Real Estate - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form RE856?
A: Form RE856 is a trust fund bank account reconciliation form.
Q: What is a trust fund bank account reconciliation?
A: A trust fund bank account reconciliation is the process of comparing the balances of a trust fund's bank account with the trust records to ensure they match.
Q: Who needs to file Form RE856?
A: In California, certain entities that act as trustees or fiduciaries of trust funds are required to file Form RE856.
Q: What is the purpose of filing Form RE856?
A: The purpose of filing Form RE856 is to provide the state with information regarding the balances of trust fund bank accounts.
Q: How often do you need to file Form RE856?
A: Form RE856 is typically filed on a quarterly basis.
Q: Is there a deadline for filing Form RE856?
A: Yes, there is a deadline for filing Form RE856. The specific deadline depends on the filing period, so it is important to check the instructions provided with the form.
Q: Are there any penalties for not filing Form RE856?
A: Yes, there can be penalties for not filing Form RE856 or for filing it late. It is important to comply with the filing requirements to avoid penalties.
Q: Do I need to include any supporting documents with Form RE856?
A: It may be necessary to include supporting documents, such as bank statements and trust fund records, with Form RE856. The instructions provided with the form will provide guidance on what documents need to be included.
Q: Is Form RE856 specific to California?
A: Yes, Form RE856 is specific to California. Other states may have their own forms and requirements for trust fund bank account reconciliations.
Q: Is professional assistance recommended for filing Form RE856?
A: It is recommended to seek professional assistance, such as from a tax professional or accountant, when filing Form RE856 to ensure compliance and accuracy.
Form Details:
- Released on July 1, 2018;
- The latest edition provided by the California Department of Real Estate;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form RE856 by clicking the link below or browse more documents and templates provided by the California Department of Real Estate.
