Typically, a trust ... of trust income with the grantor’s taxpayer identification number and mailing address. In addition, the trustee must provide the owner of trust income with a statement ...

Either the irrevocable trust or an individual will pay taxes on all trust income. Trust income includes ... distributions (IRC 678). This sample list of grantor trust rules is very incomplete ...

To understand the use of a tax reimbursement clause you need to first understand what a grantor trust is and how it works. When a trust is characterized under the income tax laws as a “grantor ...

Smart state income tax planning for trusts, in particular, can offer some surprising benefits. That’s why it’s important to regularly review your documents in order to maximize savings.

The usual grantor trust you form for estate planning doesn’t help, since the grantor must include the income on his return. They seek to wall off assets from California’s 13.3% tax rate via a ...