Placing an investment account in a trust can help manage assets and streamline inheritance, but it also introduces specific ...

If you had a loved one who died last year, you may be faced with the need to file taxes for an estate or a trust. When a person dies, their assets belong to an estate. Any income generated from assets ...

In Frank Aragona Trust v. Comm’r, 142 T.C. No. 9, the Tax Court ruled in favor of the taxpayer, holding that a trust could and did materially participate in real estate rental activities, thus ...

IRS says in a recent ruling that if you modify an irrevocable trust to add a tax reimbursement clause the beneficiaries will be deemed to have made a gift to the trust creator. In a recent Chief ...