Income Taxation of Estates and Trusts

The 58th Annual Heckerling Institute on Estate Planning was held in Orlando, Florida, on January 8-12, 2024. The Institute is the preeminent estate planning conference of the year and always has a week full of valuable seminar sessions…

Year-end tax planning for 2022 is different from prior years. Practitioners might recommend traditional annual gift planning but for some (perhaps many) clients, annual gifts may not be worthwhile.

We hesitate to publish this, because as soon as we do, Congress will do a roundoff back handspring with a twist and things will change.  However, as of this writing, the versions of the Build Back Better Act passed by the House and…

Proposed regulations regarding Internal Revenue Code 199A have been submitted to the Office of the Federal Register (OFR) for publication and are currently pending placement on public display at the OFR and publication in the Federal…

This webinar will explore the charitable income tax deduction for trusts and estates and also explain how a trust or estate can obtain a charitable deduction even if the governing instrument does not provide for any payment to charity.

Effective January 1, 2013, a new tax, the so-called Medicare Tax on “passive” income, is imposed on individuals, estates and trusts, under new Section 1411 of the Internal Revenue Code. Especially, when coupled with the higher Federal…

Statutory Overview; Investment Income and MAGI Strategies; Surtax Bubble 2010, 2011 & 2012 Roth conversions; and Health Care Surtax Examples.

A recent unanimous decision by the United States Supreme Court has limited the income tax deduction for certain expenses incurred by trustees in connection with the administration of trusts.

In this report, Blattmachr and Gans explain how new regulations promulgated in January make reaching and fundamental changes to some tax rules that are dependent on the concept of fiduciary accounting income (FAI) under local law.

In January 2004, the Treasury Department issued extensive new regulations about the meaning of "income" in a fiduciary accounting sense. Fiduciary accounting income, even though it is a state law concept, has vast impact under the Federal…