The rules around reporting requirements on Bare Trusts are very specific and very complicated. There are also substantial penalties for getting it wrong. This is a place where it is worth spending some money for professional help. They need to know a LOT of detailed specific information to provide proper advice and you sure as hell are not going to get quality advice doing it the way you are. Not because folks don't want to help but because they just don't have enough information. If you are unwilling to spend the money for professional review and advice, error on the cautious side and file the report.
I suggest people not setup Trusts for Bears, they rarely appreciate it when you do.
