Income Taxation of Fiduciaries and Beneficiaries (2020) (Currently Unavailable)

Author(s): Byrle M. Abbin, Frances Way Schafer

Published: Jun 30, 2020

ISBN: 9780808054603
Product Number: 10029996-0011
Volumes: 2
Update Frequency: Annually
2232 Pages

Income Taxation of Fiduciaries and Beneficiaries 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:

NEW INFO T/C

CONTENTS

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
Glossary of Fiduciary Terms
Table of Cases
Table of Statutes
iii
Table of Internal Revenue Code Sections
Table of Treasury Regulations
Table of Treasury Rulings
Index