Federal Income Taxation of Estates, Trusts, and Beneficiaries in a Nutshell

Federal Income Taxation of Estates, Trusts, and Beneficiaries in a Nutshell
Author: GRAYSON M.P. MCCOUCH
Publisher: West Academic Publishing
Total Pages: 488
Release: 2020-03-09
Genre:
ISBN: 9781684674534

This comprehensive guide can serve either as a course supplement or as a refresher for members of the bar. Expert commentary summarizes the law and offers critical perspectives on the federal income taxation of estates, trusts, and beneficiaries, including the decedent's final income tax return; classification of estates and trusts; income in respect of a decedent; distributable net income; simple and complex trusts; distributions; grantor trusts; charitable trusts; and foreign trusts. Additional chapters cover basic income, gift and estate tax concepts, accumulation distributions, and specially treated trusts.

Federal Income Taxation of Decedents, Estates and Trusts - CCH Tax Spotlight Series

Federal Income Taxation of Decedents, Estates and Trusts - CCH Tax Spotlight Series
Author: CCH Tax Law Editors
Publisher: CCH Incorporated
Total Pages: 0
Release: 2013-03
Genre:
ISBN: 9780808035442

Taxpayers die, but liability for their unpaid taxes remains. Someone must compute tax liability for the deceased taxpayer, file the decedent's final income tax return, and pay the taxes (or claim refunds) due. At the death of the decedent, a separate taxable entity--the decedent's estate--is created. The estate is liable for the tax on the income received during the period of its administration. In addition, trusts created by the decedent's will are taxed as separate entities.