Federal Income Taxation of Estates and Beneficiaries

Federal Income Taxation of Estates and Beneficiaries PDF

Author: M. Carr Ferguson

Publisher: Aspen Publishers

Published: 1984

Total Pages: 776

ISBN-13: 9780316278881

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This treatise offers a guide to the tax problems relating to the transmission of wealth under Subchapter J of the IRC. Relevant treasury regulations, IRC Revenue Rulings, statutory materials, and tables of cases are included.

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

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

Author: Grayson M. P. McCouch

Publisher:

Published: 2017

Total Pages: 0

ISBN-13: 9781634603096

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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 Estates, Trusts and Beneficiaries

Federal Income Taxation of Estates, Trusts and Beneficiaries PDF

Author: M. Carr Ferguson

Publisher: Panel Pub

Published: 1998-05-01

Total Pages: 1018

ISBN-13: 9780735500167

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When you share responsibility for planning & reporting income taxes relating to the transmission of wealth, you can depend implicitly on this often-cited resource. The authors give you easy-to-follow advice on achieving the most favorable tax consequences, as well as informed analysis of current IRS positions & trends for the future. You'll find incomparably detailed transactional analysis of all these matters & more including: Preparing the decedent's final return Income & deduction in respect of a decedent Problems arising from partnership interests of the decedent Characterization of amounts in distributable net income (DNI) Ways to maximize the distribution deduction, with analysis of the latest cases. How the charitable deductions affects DNI Mandatory & discretionary distributions The throwback rule Grantor trusts Split-interest charitable trusts Intersectiion of passive activity rules with Subchapter J. Of special value is the in-depth discussion of the executori's personal liability for the decedent's or estate's taxes, with authoritative guidance on the steps you should take to maximize, shift, or terminate it.

Form 1041

Form 1041 PDF

Author: Stephen Brooks

Publisher: John Wiley & Sons

Published: 2020-08-21

Total Pages: 240

ISBN-13: 1119763967

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Protect your clients' assets and shield their estates from increased taxation brought about by changing tax laws. This book can help you to understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. It provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. In addition, you will also learn how to prepare federal Form 1041, US Income Tax Return for Estates and Trusts. Key topics covered include: How are trusts and estates taxed under the internal revenue code? What is a trust? What is a "simple trust?" What is a "complex trust?" How is the "income" of a trust or estate defined for tax purposes? What are the ordinary deductions and credits allowed? How is the "deduction for distributions" to beneficiaries determined? How are trust and estate beneficiaries taxed? What is a "grantor trust" and how is it taxed? How to prepare Form 1041.

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