Income Taxation of Fiduciaries and Beneficiaries (2020) (U.S.)

Author: Byrle M. Abbin

Provides step-by-step guidance on the taxation of fiduciary
income. This comprehensive guide for practitioners advising
fiduciaries and beneficiaries in federal income tax matters
covers the broad range of complex issues from charitable
remainder trusts to nexus rules and their effect. Providing
expert practical advice, Income Taxation of Fiduciaries
and Beneficiaries helps the practitioner obtain the most
advantageous outcomes for his/her fiduciary and
beneficiary clients.

Key feature: 35 case studies with filled-in forms 1041 and
accompanying documents.

Highlights of the 2020 Edition include:

Volume 1:
1. Overview of the Fiduciary Entity
2. The Fiduciary (Trust) Accounting Concept; Total Return
Investment Philosophy
3. Principles of Federal Income Tax for Fiduciaries
4. Itemized Deductions
5. Distributions
6. Capital Gains and Alternative Minimum Taxes, Accounting
Periods and Special Rules
7. Estimated Taxes
8. Passive Activity Loss Limitations
9. Trusts: Formation to Termination
10. Charitable Remainder Trusts
11. Charitable Lead Trusts
12. Alternative Use of Grantor Trusts in
Transactional Planning
13. Ownership of S Corporation Stock by Trusts—Emphasizing
Qualified Subchapter S Trusts and the New More Flexible
Electing Small Business Trust
14. Grantor Trust Rules
15. Foreign Trusts Treated as Grantor Trusts

Volume 2
16. Estates: Formation to Termination
17. Income Tax Aspects of Fiduciary Ownership and Administration of Family Limited Partnership (FLP) Interests
18. Income Tax Aspects of Generation-Skipping Transfers
19. State Taxation of Fiduciaries and Beneficiaries
20. Special Commercial Trusts
21. IRS Ruling Policy and Audits; Responsibility for Filing and
Payment of Tax
22. Foreign Trusts and Estates
Case Studies-Completed Tax and Information Returns

June 2020    9780808054603