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Trusts and estates: Uses and tax considerations Logo aicpa

  Sonja E. Pippin, CPA, Ph.D. |   Free |   AICPA |   01 Feb 2017 |   Journal of Accountancy

CPAs and other accounting and tax professionals are faced with the unique income tax provisions related to trusts and estates. This article

  • Summarizes the general rules related to the income taxation of estates and trusts.
  • Highlights the impact of different legal authorities applicable to trusts.
  • Discusses issues related to some special trust and estate entities, namely, grantor trusts, pooled income funds, qualified subchapter S trusts (QSSTs), electing small business trusts (ESBTs), bankruptcy estates, and foreign trusts. 
Topics covered:
  • Personal financial planning: Technical: Estate planning: Process, taxation & strategies, Intermediate
  • Personal financial planning: Technical: Estate planning: Trusts, Intermediate

1 Comments/Reflections

Lee Clintsman

Lee Clintsman May 2017

Interesting comparisons