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.


Imprint: West Academic Publishing
Series: Nutshells
Publication Date: 02/24/2020
Related Subject(s): Tax-Income, Trusts And Estates

Grayson M.P. McCouch, University of Florida College of Law

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1. Recent statutory changes, especially the 2017 JCTA, including miscellaneous itemized deductions, rates, charitable contributions, qualified business income, electing small business trusts, and alimony trusts; and

2. Recent case law, especially the Supreme Court’s 2019 decision in Kaestner Family Trust, concerning due process limits on state fiduciary income taxing power.

Learn more about this series.