Tax

Tag: Practical Strategies

  • Complex Trusts

    Complex Trusts Overview A trust (except a grantor type trust) is a separate legal entity for federal tax purposes. A trust may be created during an individual’s life (inter vivos) or at the time of his or her death under a will (testamentary). A trust figures its gross income in much the same manner as…

  • Charitable Remainder Trust

    Charitable Remainder Trust Charitable Remainder Trust Accumulation and Distributions Schedules Character of Distributions in the Charitable Remainder Trust Accumulation and Distributions Schedules (Regulations Section 1.664-1, February 23, 2005 and Form 5227 instructions revised as of 12/20/2004) The income (both current and cumulative undistributed income) of a charitable remainder trust for purposes of determining the character…